VIN Foundation student loan repayment simulator adds key proposed changes


Added features and tools help veterinary professionals maneuver substantial changes in student loan repayment options

The VIN Foundation—a 501(c)(3) nonprofit, offering tools and resources to support pre-veterinary students, veterinary students, and veterinarians throughout their careers—has announced various updates to the critically acclaimed Student Loan Repayment Simulator. The VIN Foundation

Vasyl /

Vasyl /

According to an organizational release,1 the US Department of Education recently proposed the phase out of the Pay as you Earn (PAYE), and Income-Contingent Repayment (ICR) repayment plans and modifications to the Revised PAYE (REPAYE). With goals to help veterinarians with student loans understand the possibly extensive consequences of these proposed changes, the VIN Foundation has improved its Student Loan Repayment Simulator to help veterinarians navigate how this may affect student loan repayment strategies. A new output is now available in the Student Loan Repayment Simulator called Revised REPAYE, or Re-REPAYE.

Updating REPAYE could benefit many veterinarians, however phasing out PAYE and ICR may have negative repercussions. Veterinarians who are eligible for these plans should choose whether to use them before the new regulations take effect (yet to be determined). Now is the time for borrowers to look at their current repayment strategies and consider adjusting if needed.

What’s more, the VIN Foundation My Student Loans tool and Student Loan Repayment Simulator have been updated to include critical information for graduate school borrowers including1:

  • Payments made during COVID forbearance that are eligible for refund
  • Identifying privately versus federally-held student loan status to aid in benefiting from the one-time forgiveness count adjustment, the return of interest rate information
  • Notifications regarding Pell Grant status to help borrowers understand how much cancellation they might receive (pending a decision by the Supreme Court)
  • Interest rate information as we approach the end of the pandemic forbearance benefits

A library of free helpful student debt blog posts and information pages are on the VIN Foundation website and Student Debt Center. The VIN Foundation also furthers this support with a Student Debt Series as part of the Veterinary Pulse Podcast. All veterinarians and veterinary students can receive student loan repayment help through VIN Foundation


VIN Foundation student loan repayment simulator adds crucial proposed changes. VIN Foundation. March 14, 2023. Accessed March 15, 2023.

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