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Sample Repayment Schedule

for

Stafford Loans at 8.25% Interest

 

Loan Amount # of Mo. Payments Monthly Payment Interest Charges Total Payments
$2625 65 $50.00* $642.61 $3,267.61
$5250 120 $64.39 $2,477.14 $7,727.14
$9250 120 $113.45 $4,364.48 $13,614.48
$13250 120 $162.52 $6,251.83 $19,501.83
$17250 120 $211.58 $8,139.17 $25,389.17
$23000 120 $282.10 $10,852.23 $33,852.23

 

*The program's minimum monthly payment is $50. To meet the required minimum payment these monthly payments have been calculated for a repayment period of less than ten years.

 

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