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 creating a spending plan for future payments. For more specific amounts, use our handy College Loan Calculator.

Printer Friendly PDF file

  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 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 loans and Federal Direct Subsidized and Unsubsidized 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. For periods of enrollment that begin on or after July 1, 2013, graduate and professional students are only eligible for Direct unsubsidized loans.

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.


Here are other documents located on AIE.org that you may be interested in: