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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