Consider What a Loan Costs
What will your student loan cost with a standard 10-year repayment plan?
Use this chart as a quick reference when planning your college loan needs and budgeting future payments. For more specific amounts, use our handy College Loan Calculator.
| Stafford Loan |
Subsidized for Undergraduate Students |
Current Rate: 3.4% |
Unsubsidized for Undergraduate and Subsidized / Unsubsidized for Graduate Students |
Current Rate: 6.80% |
Federal PLUS Loan |
Current Rate: 7.90% |
|
|---|---|---|---|---|---|---|---|
| Loan Amount | # payments | Monthly Payment | Total Interest Paid | Monthly Payment | Total Interest Paid | Monthly Payment | Total Interest |
| $2,000 | (varies) | (43) $50 | $126 | (46) $50 | $281 | (48) $50 | $336 |
| $2,625 | (varies) | (57) $50 | $221 | (63) $50 | $508 | (66) $50 | $616 |
| $3,000 | (varies) | (65) $50 | $293 | (74) $50 | $686 | (78) $50 | $841 |
| $4,000 | (varies) | (91) $50 | $543 | (108) $50 | $1,357 | (115) $50 | $1,715 |
| $5,000 | (varies) | (118) $50 | $887 | $58 | $1,905 | $60 | $2,248 |
| $6,000 | 120 | $59 | $1,086 | $69 | $2,286 | $72 | $2,698 |
| $7,000 | 120 | $69 | $1,267 | $81 | $2,667 | $85 | $3,147 |
| $8,000 | 120 | $79 | $1,448 | $92 | $3,048 | $97 | $3,597 |
| $9,000 | 120 | $89 | $1,629 | $104 | $3,429 | $109 | $4,046 |
| $10,000 | 120 | $98 | $1,810 | $115 | $3,810 | $121 | $4,496 |
| $12,000 | 120 | $118 | $2,172 | $138 | $4,572 | $145 | $5,395 |
| $14,000 | 120 | $138 | $2,534 | $161 | $5,333 | $169 | $6,294 |
| $16,000 | 120 | $157 | $2,896 | $184 | $6,095 | $193 | $7,194 |
| $18,000 | 120 | $177 | $3,258 | $207 | $6,857 | $217 | $8,093 |
| $20,000 | 120 | $197 | $3,620 | $230 | $7,619 | $242 | $8,992 |
| $25,000 | 120 | $246 | $4,525 | $288 | $9,524 | $302 | $11,240 |
| $30,000 | 120 | $295 | $5,431 | $345 | $11,429 | $362 | $13,488 |
| $35,000 | 120 | $344 | $6,336 | $403 | $13,334 | $423 | $15,736 |
| $40,000 | 120 | $394 | $7,241 | $460 | $15,239 | $483 | $17,984 |
| $45,000 | 120 | $443 | $8,146 | $518 | $17,143 | $544 | $20,232 |
| $50,000 | 120 | $492 | $9,051 | $575 | $19,048 | $604 | $22,480 |
| $75,000 | 120 | $738 | $13,576 | $863 | $28,572 | $906 | $33,720 |
| $100,000 | 120 | $984 | $18,102 | $1,151 | $38,096 | $1,208 | $44,960 |
| $125,000 | 120 | $1,230 | $22,627 | $1,439 | $47,620 | $1,510 | $56,200 |
| $138,500 | 120 | $1,363 | $25,071 | $1,594 | $52,764 | $1,673 | $62,269 |
| $150,000 | 120 | $1,476 | $27,153 | $1,726 | $57,145 | $1,812 | $67,440 |
| $175,000 | 120 | $1,722 | $31,678 | $2,014 | $66,669 | $2,114 | $78,680 |
| $200,000 | 120 | $1,968 | $36,203 | $2,302 | $76,193 | $2,416 | $89,920 |
| $224,000 | 120 | $2,205 | $40,548 | $2,578 | $85,336 | $2,706 | $100,710 |
Figures are rounded to the nearest dollar. Final payment may be lower than calculated monthly payment.
Federal Direct Subsidized Stafford loans for undergraduate students that are first disbursed on or after July 1, 2011, have a fixed interest rate of 3.4 percent for the life of the loan.
Federal Direct Unsubsidized Stafford loans and Federal Direct Subsidized and Unsubsidized Stafford loans for graduate students that are first disbursed on or after July 1, 2006, have a fixed interest rate of 6.8 percent for the life of the loan.
Federal Direct PLUS loans that are first disbursed on or after July 1, 2006, have a fixed interest rate of 7.9 percent for the life of the loan.
