 |
Estimated Standard Monthly Payments
Monthly payments are based upon a repayment schedule of 120 monthly payments.
Your actual payment may vary.
Loan
Total |
3%
Monthly
Payment |
3.5%
Monthly
Payment |
4%
Monthly
Payment |
4.5%
Monthly
Payment |
5%
Monthly
Payment |
| $5,000 |
$50.00 |
$50.00 |
$50.62 |
$51.82 |
$53.03 |
| $6,000 |
$57.94 |
$59.33 |
$60.75 |
$62.18 |
$63.64 |
| $7,000 |
$67.59 |
$69.22 |
$70.87 |
$72.55 |
$74.25 |
| $8,000 |
$77.25 |
$79.11 |
$81.00 |
$82.91 |
$84.85 |
| $9,000 |
$86.90 |
$89.00 |
$91.12 |
$93.27 |
$95.46 |
| $10,000 |
$96.56 |
$98.89 |
$101.25 |
$103.64 |
$106.07 |
| $12,500 |
$120.70 |
$123.61 |
$126.56 |
$129.55 |
$132.58 |
| $15,000 |
$144.84 |
$148.33 |
$151.87 |
$155.46 |
$159.10 |
| $20,000 |
$193.12 |
$197.77 |
$202.49 |
$207.28 |
$212.13 |
| $23,000 |
$222.09 |
$227.44 |
$232.86 |
$238.37 |
$243.95 |
| $25,000 |
$241.40 |
$247.21 |
$253.11 |
$259.10 |
$265.16 |
| $30,000 |
$289.68 |
$296.66 |
$303.74 |
$310.92 |
$318.20 |
| $35,000 |
$337.96 |
$346.10 |
$354.36 |
$362.73 |
$371.23 |
| $40,000 |
$386.24 |
$395.54 |
$404.98 |
$414.55 |
$424.26 |
| $46,000 |
$444.18 |
$454.87 |
$465.73 |
$476.74 |
$487.90 |
Loan
Total |
6%
Monthly
Payment |
7%
Monthly
Payment |
8%
Monthly
Payment |
8.25%
Monthly
Payment |
9%
Monthly
Payment |
| $5,000 |
$55.51 |
$58.05 |
$60.66 |
$61.33 |
$63.34 |
| $6,000 |
$66.61 |
$69.67 |
$72.80 |
$73.59 |
$76.01 |
| $7,000 |
$77.71 |
$81.28 |
$84.93 |
$85.86 |
$88.67 |
| $8,000 |
$88.82 |
$92.89 |
$97.06 |
$98.12 |
$101.34 |
| $9,000 |
$99.92 |
$104.50 |
$109.19 |
$110.39 |
$114.01 |
| $10,000 |
$111.02 |
$116.11 |
$121.33 |
$122.65 |
$126.68 |
| $12,500 |
$138.78 |
$145.14 |
$151.66 |
$153.32 |
$158.34 |
| $15,000 |
$166.53 |
$174.16 |
$181.99 |
$183.98 |
$190.01 |
| $20,000 |
$222.04 |
$232.22 |
$242.66 |
$245.31 |
$253.35 |
| $23,000 |
$255.35 |
$267.05 |
$279.05 |
$282.10 |
$291.35 |
| $25,000 |
$277.55 |
$290.27 |
$303.32 |
$306.63 |
$316.69 |
| $30,000 |
$333.06 |
$348.33 |
$363.98 |
$367.96 |
$380.03 |
| $35,000 |
$388.57 |
$406.38 |
$424.65 |
$429.28 |
$443.37 |
| $40,000 |
$444.08 |
$464.43 |
$485.31 |
$490.61 |
$506.70 |
| $46,000 |
$510.69 |
$534.10 |
$558.11 |
$564.20 |
$582.71 |
The Federal Stafford Loan and Federal Parent Loan for Undergraduate Students
(PLUS) have fixed interest rates based on the 91-day Treasury Bill rates.
For new Stafford borrowers on or after 7/1/06, that interest rate is 6.8%;
new PLUS borrowers' interest rate is 8.5%. Check with your lender for the
interest rate on your student loan. Your actual payment may vary from the
chart above.
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