Under a Standard 10-Year Repayment Plan

The following are sample monthly loan repayments under a standard 10-year repayment plan. Standard repayment is the one in which a borrower pays the least interest overall

The chart displays repayments at four typical interest rates for 2014-2015, 4.66%, 5.0%, 6.21% and 7.21%, for loan amounts in $5,000 increments up to $30,000. For example, if a student borrows $20,000 at 6.21%, the payment for principal and interest is $224 a month for 10 years.

LOAN AMOUNT

4.66%

5.0%

6.21%

7.21%

$5,000

$52

$53

$56

$58

$10,000

$104

$106

$112

$117

$15,000

$157

$159

$168

$176

$20,000

$209

$212

$224

$234

$25,000

$261

$265

$280

$293

$30,000

$313

$318

$336

$352