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Planning Repayment of your Student Loan
It helps to plan your finances now to avoid future student loan repayment problems. You can determine the approximate amount of your payments for Federal Stafford and Federal PLUS loans by using the Sample Repayment Schedule or the
Monthly Repayment Worksheet below. Both assume:
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a 10-year repayment period |
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an interest rate of 8.25% (the highest possible rate under Federal Stafford Loans)
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all payments are made as scheduled.
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the minimum monthly payment for all Federal Stafford or Federal PLUS loans is $50.
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| Sample Repayment Schedule |
| Variable Rate Federal Stafford Loans 8.25% |
| Amount Borrowed |
Monthly Payment |
No. of Months |
Total Repayment |
| $500 |
$50.00 |
10 |
$519.84 |
| $1,000 |
$50.00 |
21 |
$1,079.52 |
| $2,625 |
$50.00 |
65 |
$3,267.61 |
| $3,500 |
$50.00 |
95 |
$4,789.75 |
| $4,000 |
$50.00 |
116 |
$5,827.31 |
| $5,000 |
$61.33 |
120 |
$7,359.16 |
| $5,500 |
$67.46 |
120 |
$8,095.07 |
| $7,500 |
$91.99 |
120 |
$11,038.74 |
| $8,500 |
$104.25 |
120 |
$12,510.57 |
| $10,000 |
$122.65 |
120 |
$14,718.50 |
| $23,000 |
$282.10 |
120 |
$33,852.12 |
| $65,000 |
$803.37 |
120 |
$95,669.05 |
| $73,000 |
$895.36 |
120 |
$107,443.70 |
Repayment Worksheet
| Maximum Interest Rate |
Loan Type |
Unpaid Principal Balance |
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Estimated Monthly Payment |
To estimate a monthly payment based on a different term, or to find out how much you can afford to pay, click here for our standard repayment calculator.
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