Sample Monthly Repayment
When you take out a loan, you have to repay it. It's never too soon to work out a repayment plan! There can be many repayment options, depending on the type of loan and your credit standing. The chart below will give you some idea on what your payments would be, based on the amount borrowed:
*The Chart Below is Based on a 6.8% Fixed Interest Rate*
| Amount Borrowed | Monthly Payment |
| $4,350 | $50.05 |
| $6,125 | $70.48 |
| $11,625 | $133.78 |
| $17,125 | $197.05 |
| $22,625 | $260.36 |
| $31,125 | $358.18 |
| $39,625 | $456.00 |
For additional information on interest rates, go to current rate.
For additional information regarding interest rates, repayment plans and sample repayment amounts, go to the Federal website at http://studentaid.ed.gov and select "Repaying Your Loans" (at bottom of page). Then under the heading "Paying Back Your Loan", select "Funding Education Beyond High School: The Guide to Federal Student Aid".