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Urgent — TGR active collection campaign 2026

Chile's Treasury is actively collecting $4+ trillion from 550,000+ CAE debtors

Incomes above CLP $5M/month face direct legal action. Below, payment plans are available. This simulator explains your situation and options.

I have a CAE debt How much? How do they collect? I will study How much will I owe? Payoff strategy How to pay faster?

CAE Simulator

Collection, strategies and options

Sum of all annual disbursements in UF.

Current UF: $39.987

Chilean CAE Student Loan Simulator

Know your debt, collection risk, and legal payment strategies

The Crédito con Aval del Estado (CAE, Law 20.027) is Chile's main student loan. With Chile's Treasury (TGR) launching an aggressive 2026 collection campaign against 550,000+ debtors totaling $4+ trillion, this simulator calculates your current UF-denominated balance, compares scheduled vs income-contingent (10%) installments, assesses TGR collection risk, compares with the pending FES reform (8% above 7.5 UTM), and shows legal strategies: prepayments, unemployment/graduate suspensions, TGR payment agreements, and Law 20.720 bankruptcy as last resort.

What can you do here?

  • 1. Know today's debt: enter original loan + installments paid → current balance, remaining and recommended modality.
  • 2. See TGR collection risk: the simulator explains what Treasury can do.
  • 3. Compare with FES: what you'd pay under the pending FES bill.
  • 4. Legal strategies: fee reductions, suspensions, prepayments, TGR agreements with legal basis.
  • 5. Project future debt: if you will study, project your total debt.

How does it work?

The Chile CAE Simulator 2026 is the most complete tool to understand your State-Guaranteed student loan. With Chile's Treasury (TGR) actively pursuing 550,000+ debtors for $4+ trillion, this simulator covers three critical scenarios: current debtors, future students projecting their debt, and anyone looking for legal strategies to pay less or faster.

What is the CAE?

Created by Law 20,027 of 2005, the CAE is a student loan issued by private banks with the Chilean State as co-guarantor. If the student stops paying, the State subrogates the debt and collection transfers to the Treasury (TGR).

Economic conditions

  • UF-denominated, inflation-indexed
  • 2% real annual rate (2012+ contracts)
  • 10, 15 or 20-year term (graduates); 5, 7.5 or 10 (dropouts)
  • 18-month grace period after graduation
  • Staggered installments: first years lower

The 2026 TGR collection campaign

In April 2026, TGR began mass collection. Income below CLP $5M/month: payment agreements. Above: direct legal action with account seizure, salary garnishment, and tax refund withholding. In the first 15 days of April alone, TGR collected $8.3 billion CLP.

Income-contingent 10% payment

Art. 19 Law 20,027: if scheduled payment exceeds 10% of average gross income, you pay only 10%. Apply at portal.ingresa.cl. Renewable every 6 months. Requires on-time status.

The FES reform

Pending bill to replace CAE: up to 8% of income above 7.5 UTM, full forgiveness for 75,000+ people, payments never higher than current CAE, tax benefits for those who already paid. Collection via SII/TGR annually, not banks. Awaiting Congress approval.

Legal strategies

  • 10% income reduction (Art. 19)
  • Unemployment suspension (Art. 20)
  • Graduate studies suspension (Art. 20 bis)
  • Principal prepayment (Art. 31) — no fee
  • TGR payment agreement (if income < $5M)
  • Bank renegotiation (before subrogation)
  • Insolvency procedure (Law 20,720) — last resort

Alternatives to CAE for new students

Before signing a CAE: (1) Apply for Gratuidad (RSH deciles 1-6) — 100% covered, no debt. (2) Apply for MINEDUC scholarships — don't need to repay. (3) Junaeb complements. (4) Finance only 60-80% of tuition, not 100%. (5) Choose career with lower reference tuition. Apply via fuas.cl in October-November.

Formula used

Monthly CAE payment (French amortization): M = P × i / (1 − (1+i)^−n), with P = initial UF capital, i = monthly rate (2%/12), n = term in months. Principal balance at month t: B_t = P × (1+i)^t − M × [(1+i)^t − 1] / i. Income-contingent (Art. 19 Law 20.027): monthly = min(scheduled; 10% × average_gross_income_12m). FES comparison: FES_payment = max(0; (income − 7.5 UTM) × 8%).

Legal basis

Law 20,027 (2005) — creates the State-Guaranteed Credit. Law 20,634 (2012) — reduces rate to 2% real annual. Law 21,091 (2018) — Gratuidad system. FES bill (2024-2026) in progress. DFL 1/2006 MINEDUC regulations. Art. 19 Law 20,027 — 10% income-contingent payment. Art. 20 — unemployment suspension. Art. 20 bis — graduate studies suspension. Art. 31 Regulations — prepayment without fee. Law 20,720 — Insolvency Proceedings. TGR agreements regulated by Circular 33/2021.

Assumptions & limitations

UF-denominated loan with fixed 2% real annual rate (2012+ contracts). Monthly French amortization. Term by total amount: ≤200 UF → 10 years; 200-500 UF → 15 years; >500 UF → 20 years (graduates; halved for dropouts). 18-month grace period post-graduation. Staggered installments simplified to average for projection. TGR risk based on user-reported status. FES comparison per pending bill (conditions may change). TGR collection per April 2026 process: agreements for incomes < CLP $5M/month; direct legal action above.

Reference estimation tool. Does NOT replace official ingresa.cl simulator or your bank's official statement. Not precisely modeled: (1) exact staggered installment structure of your specific contract; (2) moratory interest if delinquent; (3) extrajudicial/judicial collection costs; (4) custom TGR agreement based on your income; (5) final FES Law structure (pending legislation — final conditions may vary); (6) specific forgiveness brackets by socioeconomic decile; (7) interest during grace period if applicable; (8) balance reductions from unreported prior prepayments.

Frequently asked questions

How much do I owe on CAE today?
Your debt is original capital (UF-denominated) + accrued 2% real annual interest (2012+ contracts). Enter original UF amount, paid installments and term to get your exact balance in UF and CLP. Also available officially at portal.ingresa.cl with your Clave Única.
How is Treasury (TGR) collecting in 2026?
Since April 2026, TGR started a massive collection campaign against 550,000+ debtors totaling over $4 trillion. Income below CLP $5M/month: payment plans (10-20% of income). Above: direct legal action with tax refund withholding, bank account seizures and salary garnishment.
What happens if I don't pay?
First your bank charges moratory interest and reports to Dicom. After ~6 months delinquent, the State subrogates the debt and TGR pursues with fiscal powers: 100% tax refund withholding, account seizure, salary garnishment and executive legal action.
What is the FES reform?
Pending bill to replace CAE. Proposes 8% of income above 7.5 UTM (~CLP $500k exempt), full forgiveness for 75,000+ people, payments never higher than current CAE. Depends on Congress approval.
What is the CAE interest rate?
2% real annual since 2012. Contracts 2006-2011 may have 4-6%, but on-time payment (before day 10) triggers automatic reduction to 2%. Loan is UF-denominated, inflation-protected.
How to prepay CAE?
Anytime, no fee. Minimum 10% of principal per payment. Ask your bank for 'abono a capital' and choose to reduce installment or reduce term. A $1M prepayment on 15-year balance can save 2-4 years and $1.5M in interest.
Alternatives to CAE for new students?
Gratuidad (deciles 1-6) covers 100% reference tuition at adhered universities with NO debt. MINEDUC scholarships (Bicentenario, JGM, Vocación de Profesor) cover partial/total. Apply via FUAS every October-November. CAE should be last resort.
Dropped out — when do I start paying?
If unenrolled 2 consecutive years, collection begins in November of year 2. Maximum term is halved (5, 7.5 or 10 years). Re-enroll and your CAE returns to grace period.

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