PURL 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 PURL Loan Program. Repayment of the PURL Loan begins 6 months after the borrower is no longer enrolled at least half-time at Pepperdine University. The following chart is based on a 0% interest rate.
| Amount Borrowed | Approximate Number of Payments | Payment per Month |
|---|---|---|
| $1,000.00 | 20 | $50.00 |
| $2,500.00 | 35 | $71.00 |
| $4,000.00 | 50 | $80.00 |
| $5,500.00 | 65 | $85.00 |
| $7,000.00 | 80 | $88.00 |
| $8,500.00 | 95 | $89.00 |
| $10,000.00 | 110 | $91.00 |
| $12,000.00 | 120 | $100.00 |
| $14,000.00 | 120 | $117.00 |
| $15,000.00 | 120 | $125.00 |
| $18,000.00 | 120 | $150.00 |
| $20,000.00 | 120 | $167.00 |