What is the MAP?
The MAP is a visual way to understand the interest on Zomia loans. It stands for “Maximum Amount Paid” and is the maximum amount you would repay in a given year of your contract. This is shown in the image below and is included in your loan agreement.
Beginning in the first year after graduation, your total loan repayment increases by 5% of what you borrowed. This continues by 5% each year up to a maximum of 60% in year 12 (5 x 12 = 60). If you happen to repay what you borrowed (the principal) + the interest, then your contract is finished. Note that interest on Zomia loans does not compound and it does not start until after you finish (or withdraw from) your program.