Federal Direct 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 Loan Programs. Repayment of the Federal Direct Loan begins 6 months after the borrower is no longer enrolled at least half time. The following chart is based on a 4.29% 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 | 21 | $50 | $40 |
| $2,000 | 44 | $50 | $165 |
| $3,500 | 81 | $50 | $539 |
| $4,000 | 95 | $50 | $726 |
| $4,500 | 109 | $50 | $944 |
| $5,000 | 120 | $51 | $1,161 |
| $7,500 | 120 | $77 | $1,741 |
| $10,500 | 120 | $108 | $2,437 |
| $12,500 | 120 | $128 | $2,902 |
| $15,000 | 120 | $154 | $3,482 |
| $20,000 | 120 | $205 | $4,642 |
| $27,000 | 120 | $277 | $6,267 |
| $35,000 | 120 | $359 | $8,124 |
| $40,000 | 120 | $411 | $9,285 |
| $57,500 | 120 | $590 | $13,347 |