FAQ: Student Loans

Frequently Asked Questions

Need assistance with data entry? RightCapital is here to help! Please use the common questions and answers below to assist you in generating financial plans. For additional assistance use the link to our support team at the bottom of the article.

1

Why do I not see anything when I open the student loan tab in the dashboard?

Answer: Before using the student loan module you will need to enter the detailed information about the student loan within the Profile > Net Worth section. The dashboard will only become visible when student loans are present within the financial plan.

2

Can I import my client's student loan information?  

Answer: Yes, student loans can be imported into a RightCapital plan by either using the account aggregation feature or through a connected integration.   

3

Why do my client's student loans show a balance throughout the entire plan? 

Answer: This would indicate an error within the data entry process. This is likely due to not inputting a value for the standard 10-year payment plan as many income driven repayment plans are capped at this value. If the Standard 10-year payment is set to $0, the income-based repayment plans will be capped at that amount. 

4

Does RightCapital automatically calculated income driven repayment plan payments as the client's AGI shifts over time?

Answer: Yes, RightCapital will adjust the IBR payments over time based on the client's income, filing status and residence state poverty guidelines.  

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For additional assistance within RightCapital please contact Support.