Federal Direct PLUS Loan Sample Repayment Page
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 Direct PLUS Loan. Repayment of the Federal Direct PLUS Loan begins immediately after the loan is fully disbursed. The following chart is based on a 6.84% interest rate and Standard Repayment Plan. For more detailed loan repayment information go to https://studentloans.gov/myDirectLoan/mobile/repayment/repaymentEstimator.action.
| Amount Borrowed | Number of Payments | Payment per Month | Total Interest |
|---|---|---|---|
| $1,000 | 22 | $50 | $66 |
| $2,000 | 46 | $50 | $278 |
| $5,000 | 120 | $58 | $1,905 |
| $10,000 | 120 | $115 | $3,810 |
| $15,000 | 120 | $173 | $5,714 |
| $20,000 | 120 | $230 | $7,619 |
| $25,000 | 120 | $288 | $9,524 |
| $30,000 | 120 | $345 | $11,429 |
| $35,000 | 120 | $403 | $13,334 |
| $40,000 | 120 | $460 | $15,239 |
| $45,000 | 120 | $518 | $17,143 |
| $50,000 | 120 | $575 | $19,048 |
| $55,000 | 120 | $633 | $20,953 |
| $60,000 | 120 | $690 | $22,858 |
| $67,152 | 120 | $773 | $25,582 |