What is the MAP?

The MAP, which stands for “Maximum Amount Paid,” is the maximum amount students can repay in a given year of their contract. This is laid out clearly in the MAP schedule, which is included in every loan agreement.

Beginning in the first year after graduation, the required total repayment increases each year by 5% of the original loan amount, up to a maximum of 60% in year #12 (assuming a contract extends beyond the 10-year base, which is determined by the amount borrowed). Once a student’s total repayments reach 100% of the original loan value + the required overpayment, the contract is fulfilled and payments cease.

Zomia established the MAP to increase the sustainability of its lending model while also ensuring that no students repay an unreasonable amount.