Understand `

`total_paid`

` vs ``total_cost`

`**`

`** is the sum of all monthly payments a borrower will make on a loan's current Repayment Plan over its lifetime.`total_paid`

With Income-Driven Repayment plans, there is sometimes a "tax bomb" at the end of their repayment termâ€”any outstanding balance is forgiven, but treated as taxable income. Thus, **`

`** provides the sum of ``total_cost`

`total_paid`

` plus the taxes owed on that forgiven amount (which is calculated and provided in the ``amount_forgiven`

` and ``estimated_tax_liability`

` properties). In other words,``total_cost`

` is the bottom line amount a borrower will pay to dispense of their loan on its current Repayment Plan.

### ### Schema Definition

Property | Type | Format | Description |

``amount_forgiven` ` | ``number` ` | ``float` ` | Total amount of outstanding ``Loan` ` balance that will be forgiven at the end of the current Repayment Plan's term. |

``estimated_tax_liability` ` | ``number` ` | ``float` ` | Estimated tax bomb, or the amount ``Borrower` ` will have assessed as income based on total amount forgiven by the current Repayment Plan. |

``final_monthly_payment` ` | ``number` ` | ``float` ` | The amount of the final monthly payment. |

``monthly_payment` ` | ``number` ` | ``float` ` | The standard monthly payment over the course of the repayment term. |

``number_of_payments` ` | ``integer` ` | ``int32` ` | Total number of payments that will be made over the course of the repayment term. |

``outstanding_interest` ` | ``number` ` | ``float` ` | Total unpaid interest. |

``outstanding_principal` ` | ``number` ` | ``float` ` | Total unpaid principal. |

``total_cost` ` | ``number` ` | ``float` ` | The sum of ``total_paid` ` plus ``estimated_tax_liability` ` owed on total ``amount_forgiven` `. In other words, ``total_cost` ` is the bottom line amount a borrower will pay to dispense of their loan on the current Repayment Plan. |

``total_paid` ` | ``number` ` | ``float` ` | The sum of all monthly payments a ``Borrower` ` will make on a loan's current Repayment Plan over its lifetime. |

### ### Example

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