How to Manage Your Student Loans

There are several loan repayment plans available to students. Information about the various plans, including repayment calculators is available on the .

Sample Repayment Charts for Federal Student Loans

Direct Subsidized/Unsubsidized Loan

Based on 6.8 percent interest rate, 10-year repayment period and a minimum $50 per month payment.

If you borrowed: You will need to make per year: To pay this amount monthly:
$5,000 $6,905 $50
$15,000 $20,714 $173
$23,000 $31,762 $265
$46,000 $59,382 $495
$55,000 $75,953 $633
$65,500 $90,454 $754
$138,500 $191,263 $1,594

*Recommended annual salary figures are based on 10% of your gross monthly income available for student loan payments. Assumes you are paying your interest for any unsubsidized loans while in school to avoid capitalizing the interest to your final outstanding principle balance.

Perkins Loan

Based on 5% fixed interest rate.

Amount Borrowed Number of Payments Monthly Payment
$1,000 27 $40
$2,000 57 $40
$3,000 91 $40
$3,500 110 $40
$5,500 120 $58
$6,625 120 $70
$7,500 120 $80
$10,000 120 $106
PLUS and Graduate PLUS Loan

Based on 7.9 fixed interest rate, standard ten year repayment plan.

Amount Borrowed Number of Payments Monthly Payment
$10,000 120 $121
$20,000 120 $242
$25,000 120 $302
$30,000 120 $362
$40,000 120 $483
$50,000 120 $604
$60,000 120 $724
$70,000 120 $845
$80,000 120 $966