Loans Tab - Student Loan Module - RightCapital Help Center

The Loans tab of RightCapital's Student Loan module is where you can find an overview of the client's current student loans. You can access the Student Loan module within the "..." More Menu > Debt tab of each client plan:

This area shows the list of student loans included in the client's Profile. Loan eligibility for Income-driven repayment (IDR) plans or Public Service Loan Forgiveness (PSLF) will also be displayed here. This is often an excellent place to begin thinking about a strategy - it helps you, the advisor, get your head around the multiple loans involved with a particular client and the potential repayment strategies available to each:

Pro Tip: New Borrower Timing

Make sure to indicate the client's "new borrower as of..." in the Action Items. This indicates the period during which the client first took out a student loan (exception: if the client took out and paid off a loan and then took out another loan, indicate the later date). This timing influences eligibility for and calculation of specific income-driven repayment plans.

The column labeled Income-driven Repayment Plan Eligibility will list the plans for which each loan is eligible, based on the type of loan and new borrower timing. The loans are not eligible for an IDR plan. if nothing is listed. The column labeled PSLF Eligibility indicates if the loans would be eligible for Public Service Loan Forgiveness, if the client were to work for a qualified public service organization. Private loans are ineligible.

See the chart below for a breakdown of loan types and their impact on income-driven repayment options and Public Service Loan Forgiveness (PSLF) eligibility: