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

4.45%

5.00%

6.00%

7.00%

$5,000

$51.70

$53.03

$55.51

$58.05

$10,000

$103.40

$106.07

$111.02

$116.11

$15,000

$155.10

$159.10

$166.53

$174.16

$20,000

$206.80

$212.13

$222.04

$232.22

$25,000

$258.49

$265.16

$277.55

$290.27

$30,000

$310.19

$318.20

$333.06

$348.33
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