Pay for College

Explore college costs and plan how you'll pay for your degree or certificate.

Consider What a Loan Costs

Learn estimated payments by loan type and amount

Use this chart as a quick reference when planning your college loan needs and creating a spending plan for future payments. (See Notes below.) For more specific amounts, use our handy College Loan Calculator.

   

Subsidized and Unsubsidized Loans
for
Undergraduates

Interest Rate: 4.66%

Unsubsidized
Loans for
Graduate and Professional Students

Interest Rate: 6.21%

PLUS Loans

Interest Rate:7.21%

Loan Amount # payments Monthly Payment Total Interest Paid by Repayment End Monthly Payment Total Interest Paid by Repayment End Monthly Payment Total Interest by Repayment End
$2,000 varies $50 $182 $50 $252 $50 $301
$2,625 varies $50 $322 $50 $453 $50 $547
$3,000 varies $50 $428 $50 $610 $50 $742
$4,000 varies $50 $808 $50 $1,189 $50 $1,483
$5,000 120 $52 $1,265 $56 $1,725 $59 $2,032
$6,000 120 $63 $1,518 $67 $2,070 $70 $2,438
$7,000 120 $73 $1,771 $78 $2,415 $82 $2,844
$8,000 120 $84 $2,023 $90 $2,759 $94 $3,251
$9,000 120 $94 $2,276 $101 $3,104 $105 $3,657
$10,000 120 $104 $2,529 $112 $3,449 $117 $4,063
$12,000 120 $125 $3,035 $134 $4,139 $141 $4,876
$14,000 120 $146 $3,541 $157 $4,829 $164 $5,689
$16,000 120 $167 $4,047 $179 $5,519 $188 $6,501
$18,000 120 $188 $4,553 $202 $6,209 $211 $7,314
$20,000 120 $209 $5,059 $224 $6,899 $234 $8,126
$25,000 120 $261 $6,323 $280 $8,623 $293 $10,158
$30,000 120 $313 $7,588 $336 $10,348 $352 $12,190
$35,000 120 $365 $8,853 $392 $12,073 $410 $14,221
$40,000 120 $418 $10,117 $448 $13,797 $469 $16,253
$45,000 120 $470 $11,382 $504 $15,522 $527 $18,285
$50,000 120 $522 $12,647 $560 $17,247 $586 $20,316
$75,000 120 $783 $18,970 $841 $25,870 $879 $30,474
$100,000 120 $1,044 $25,294 $1,121 $34,494 $1,172 $40,632
$125,000 120 $1,305 $31,617 $1,401 $43,117 $1,465 $50,791
$138,500 120 $1,446 $35,032 $1,552 $47,774 $1,623 $56,276
$150,000 120 $1,566 $37,941 $1,681 $51,740 $1,758 $60,949
$175,000 120 $1,827 $44,264 $1,961 $60,364 $2,051 $71,107
$200,000 120 $2,088 $50,587 $2,242 $68,987 $2,344 $81,265
$224,000 120 $2,339 $56,658 $2,511 $77,266 $2,625 $91,017

Notes

  • Figures are rounded to the nearest dollar. Final payment may be lower than calculated monthly payment.
  • Interest rates may change by the year. For specific interest rates, contact your college.
  • Federal Direct subsidized and unsubsidized loans for undergraduate students first disbursed on or after July 1, 2011, have a fixed interest rate for the life of the loan.
  • Federal Direct unsubsidized loans for graduate and professional students first disbursed on or after July 1, 2006, have a fixed interest rate for the life of the loan.
  • For periods of enrollment that begin on or after July 1, 2012, graduate and professional students are only eligible for Direct unsubsidized loans.
  • Federal Direct PLUS loans first disbursed on or after July 1, 2006, have a fixed interest rate for the life of the loan.


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