Perkins Loan Sample Repayment Chart | Pepperdine University | Seaver College

Perkins Loan Sample Repayment Chart

To assist you with determining the amount of loan you can afford to borrow, we are pleased to provide you with a sample repayment chart for the Federal Perkins Loan Program. Repayment of the Perkins Loan begins 9 months after the borrower is no longer enrolled at least half-time. The following chart is based on a 5% interest rate.

Amount Borrowed Number of Payments Payment per Month
$1,000.00 26 $40.00
$2,500.00 71 $40.74
$4,000.00 120 $42.42
$5,500.00 120 $58.33
$7,000.00 120 $74.24
$8,500.00 120 $90.15
$10,000.00 120 $106.06
$12,000.00 120 $127.27
$14,000.00 120 $148.49
$16,000.00 120 $169.70