Sample Repayment Schedule for Federal Student Loans

The following charts provides estimates for the minimum monthly student loan payments based on the interest rates, over 10 years and the award years indicated.  Figures have been rounded to the nearest whole dollar.  This chart should only be used for estimating purposes only.

Federal Direct Subsidized and Unsubsidized Loans-Undergraduate

Total Debt at Repayment Monthly Payment Amt Total Amt Paid Total Interest Paid
$1,000 $ 10 $1,145 $145
$2,500 $ 24 $2,862 $362
$5,000 $ 48 $5,725 $725
$7,500 $ 72 $8,587 $1,087
$10,000 $ 95 $11,449 $1,449

Payment is calculated using the 2020-21 award year fixed interest rate of 2.75% over a 10 year period.

Federal Direct PLUS Loan

Total Debt at Repayment Monthly Payment Amt Total Amt Paid Total Interest Paid
$1,000 $11 $1,290 $290
$2,500 $27 $3,226 $726
$5,000 $54 $6,452 $1,452
$7,500 $81 $9,678 $2,178
$10,000 $108 $12,905 $2,905
$16,500 $177 $21,293 $4,793

Payment is calculated using the 2020-21 award year fixed interest rate of 5.3% over a 10 year period.