Yrefy Student Loan: SIM & CALC

Yrefy Student Loan: SIM & CALC is an independent, unofficial Android app about United States student loans. Its own description says what it is: a loan simulation, calculator and complete guide about U.S. student loan repayment, default recovery and refinancing. You enter your own figures and read the estimate that follows.

What the app does

• Repayment - what a balance costs over time and how a monthly figure is reached.
• Default recovery - the same treatment for the situation after payments have stopped.
• Refinancing - comparing a loan you hold now against a refinanced one.

What it does not do

The 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. There is no account, no login and no personal data. It is not a lender, not a servicer and not a collection agency. It never asks for a Social Security number, a bank account number, a password or a one-time code, and you should never type those details anywhere except an official channel you reached yourself.

Key facts about the programme

• A private student loan is a contract with a lender. The promissory note, not federal regulation, decides when it is in default and what the lender may do next.
• Private loans generally carry none of the federal protections: no income-driven repayment, no rehabilitation, and no federal forgiveness or discharge. Any relief offered is a commercial policy, not a right.

All figures are estimates for planning only; always confirm the actual terms with Federal Student Aid, U.S. Department of Education directly. This app is not an official representative of Federal Student Aid, U.S. Department of Education and is not affiliated with, endorsed by, or connected to Federal Student Aid, U.S. Department of Education. It is also not affiliated with, endorsed by, or connected to Yrefy LLC; that name is used descriptively only. It does not represent any government entity. Official source: https://studentaid.gov (Federal Student Aid, U.S. Department of Education).