Aidvantage Student Loan: SIM

Aidvantage Student Loan: SIM is a loan simulation, calculator and complete guide about federal student loan repayment serviced by Aidvantage. It is an independent educational app. It explains how repayment works and does the arithmetic on figures you type in, so the shape of a repayment decision is visible before you act on it. There is no account, no login and no personal data.

What the app does

It is three things at once. As a simulation it models federal student loan repayment. As a calculator it turns the numbers you enter into a result you can read. As a guide it explains the repayment process a servicer administers for the loan holder. Every figure is an estimate for planning only.

What it does not do

This app does not offer loans and cannot be used to apply for a loan. It does not process applications, disburse funds, check application status, or access any account. It is not an official representative of Aidvantage and is not affiliated with, endorsed by, or connected to Aidvantage, and it does not represent any government entity. The name is used descriptively, to say what the guide is about. The app never asks for a Social Security number, an account number, a password or a one-time code, because no calculation needs them, and you should never type those anywhere except an official channel you reached yourself.

Key facts about the programme

• A servicer handles billing, paperwork and customer contact for a loan it does not own. Your federal loan terms come from the programme, not from the servicer.
• Loans can be moved to a different servicer without your agreement, and your balance, rate and payment count should carry across unchanged.
• Auto debit commonly carries a small interest rate reduction. Confirm the current figure with your servicer rather than assuming it.

All figures are estimates for planning only; always confirm the actual terms with Aidvantage directly. The official source named in the app is https://aidvantage.studentaid.gov, and federal programme information is published at https://studentaid.gov.