Sample Loan Repayment Schedule
All loans borrowed must be repaid. Several repayment plans are available. Below is a sample loan repayment schedule:
3.76% Fixed Interest Rate |
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| Balance of Repayment | Number of Payments | Estimated Payment Amount |
| $1,000 | 21 | $50 |
| $5,500 | 120 | $55 |
| $10,000 | 120 | $100 |
| $15,000 | 120 | $150 |
| $20,000 | 120 | $201 |
| $25,000 | 120 | $251 |
| $30,000 | 120 | $301 |
The minimum monthly payment amount is $50 under the 10-year Standard Repayment Plan, but may be more depending on how much you borrow.
You may use the "Repayment Estimate" at https://studentaid.gov/app/repaymentEstimator.action to estimate payment amounts based on your actual loan debt.
Repayment of Federal Student Loans – Avoiding Default
If you are a student borrower, you don’t have to begin repaying your Stafford loans until you leave school or are enrolled less than half-time. Failure to repay your loans will result in them defaulting. This default will have a negative impact on your financial status and creditworthiness.
Please visit https://studentaid.gov/sa/repay-loans/understand/plans for additional information regarding repayment options.
