(Mohela Student Loan) Pointer

Mohela Student Loans Pointer An independent study guide and calculator. Not affiliated with, endorsed by or connected to MOHELA, the U.S. Department of Education or Federal Student Aid. No login. It cannot see your account, make a payment or submit anything for you. UNOFFICIAL

What it does instead: explains how U.S. federal student loans work, and does the arithmetic on figures you type in — offline, with nothing leaving your phone.

THE SIMULATOR

Open it and it is already filled in. Four sliders — balance, rate, extra payment, income — and everything recomputes as you drag. No Calculate button anywhere in this app.

• Two payoff curves on one chart, so the gap between them is the point
• Two scenarios side by side with the difference called out, not left for you to subtract
• One plain sentence: "Adding $50 a month finishes this 4 years 1 month sooner and saves $4,288 in interest"
• Every assumption listed underneath

NINE MORE CALCULATORS

• RAP payment — the new Repayment Assistance Plan: income bracket, dependents, the $10 floor, and the balance forgiven at 30 years
• IBR, PAYE and ICR — discretionary income from the 2026 poverty guidelines, all three compared
• Fixed plans — Standard, Tiered Standard and Extended priced against each other
• Extra payment — what an extra amount buys you in months and in dollars
• Interest and capitalisation — daily accrual, a whole grace period, and what capitalising costs
• Auto Pay saving — what the 1% reduction is worth, two ways
• Consolidation rate — the weighted average of up to four loans, rounded up to the eighth
• PSLF progress — where you stand against 120 payments, and whether anything will be left to forgive
• Borrowing limits — the 2026-27 annual, aggregate and lifetime caps, and the loan fee

TWELVE CHAPTERS, IN THE ORDER THE LOAN HAPPENS

1. Who actually holds your loan — lender against servicer
2. What you actually borrowed — subsidised, unsubsidised, PLUS, consolidation
3. How interest really works — accrual, unpaid interest, capitalisation
4. In school, and the six months after
5. Fixed-payment plans
6. Income-driven plans — RAP, IBR, PAYE, ICR
7. What changed on 1 July 2026 — two new plans, new caps, Grad PLUS ended, Auto Pay at 1%, SAVE ended by court order
8. Paying, and paying extra — Auto Pay, due dates, and why a bill sometimes says $0.00
9. When you cannot pay — deferment against forbearance
10. Forgiveness and discharge — PSLF, IDR forgiveness, Teacher Loan Forgiveness and more
11. Consolidation — when it helps, and what it quietly costs
12. Delinquency, credit and scams

ALSO INSIDE

• All 8 repayment plans: terms, eligible loans, and the catch on each
• 17 forgiveness, discharge, deferment and forbearance programmes
• 51 questions answered, 47 terms explained, 26 checklist items
• Search across chapters, answers and definitions at once
• 17 official links, each opened in your browser with the address visible

WHERE THE FACTS COME FROM

Every rule, rate and date comes from published sources: the servicer's help centre, StudentAid.gov, Federal Student Aid rate announcements and the 2026 HHS poverty guidelines. Nothing is copied — the facts were extracted and every explanation written from scratch. Where a rule is not published in full, the app says so rather than guessing.

PRIVACY

No account, no login, no server of ours. Nothing you type is sent anywhere, and everything saved can be cleared in Settings. Adverts come from Google AdMob, which collects a device advertising identifier — set out in the privacy policy.

WHAT IT IS NOT

It cannot sign in, look up a balance, make a payment, change a due date, enrol you in Auto Pay, submit a form, or tell you your PSLF count. It will never ask for your FSA ID or a password. For any of that, use MOHELA's own site or StudentAid.gov — the app links you straight there.

Every figure is an educational estimate, not a quotation, and not financial, tax or legal advice. Rules change.