Graduate Stafford Loan Repayment
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 Stafford Loan Programs. Repayment of the Stafford loan begins 6 months after the borrower is no longer enrolled at least 1/2 time. The following chart is based on a 6.80% interest rate.
Amount Borrowed | Number of Payments | Payment per Month | Total Interest |
---|---|---|---|
$1,000 | 22 | $50 | $64 |
$2,000 | 46 | $50 | $274 |
$2,625 | 63 | $50 | $500 |
$3,500 | 90 | $50 | $971 |
$4,000 | 107 | $50 | $1,344 |
$5,000 | 120 | $58 | $1,905 |
$8,500 | 120 | $98 | $3,239 |
$10,000 | 120 | $115 | $3,810 |
$12,000 | 120 | $138 | $4,572 |
$15,000 | 120 | $173 | $5,715 |
$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 |