Repayment Plans and Monthly Estimates

  • Direct, FFEL Stafford and PLUS loans provide a variety of repayment plans.
  • Perkins, Nursing and SPU Institutional loans must be paid within 10 years and do not offer a choice of repayment plans.
  • Alternative (private) loan repayment terms and repayment plan information is available from the lender or loan servicer.
Monthly payment estimates

Your loan servicer will provide you with the required monthly payment amount, which is determined by the  minimum payment requirement, repayment term, and the amount of the loan.

Repayment information will be sent to you and may also be available online. Estimates for monthly payments for various loans, loan amounts and interest rates are provided below. For more information about student loan repayment plan information and calculators, visit StudentAid.gov.

The Repayment Estimator is an excellent tool to estimate repayment of your Direct Subsidized/Unsubsidized, FFEL Stafford, and PLUS loans under various repayment plans.

If logged in when using the tool, your loan information from the National Student Loan Data System (NSLDS) will be used in the calculator. You may add personal information and information for loans not maintained in NSLDS to estimate repayment utilizing income-driven repayment plans.

Read about understanding interest rates.

Example payment estimates

Direct Loan 

These examples assume standard repayment; repayment plans other than standard repayment are available and may extend your repayment term. Here are just a few examples to help you see how these loans work:

Loan amount: $3,500

  • Minimum payment: $50/month
  • Repayment term (in months): 90
  • Interest rate: 6.8%
  • Estimated monthly payment: $50

Loan amount: $5,500

  • Minimum payment: $50/month
  • Repayment term (in months): 120
  • Interest rate: 6.8%
  • Estimated monthly payment: $63

Loan amount: $7,000

  • Minimum payment: $50/month
  • Repayment term (in months): 120
  • Interest rate: 6.8%
  • Estimated monthly payment: $81
PLUS Loan 

These examples assume standard repayment; repayment plans other than standard repayment are available and may extend your repayment term. Again, just a few examples to help illustrate how these loans work:

Loan amount: $3,500

  • Minimum payment: $50/month
  • Repayment term (in months): 95
  • Interest rate: 7.9%
  • Estimated monthly payment: $50

Loan amount: $5,500

  • Minimum payment: $50/month
  • Repayment term (in months): 120
  • Interest rate: 7.9%
  • Estimated monthly payment: $66

Loan amount: $7,000

  • Minimum payment: $50/month
  • Repayment term (in months): 120
  • Interest rate: 7.9%
  • Estimated monthly payment: $85
Perkins and Nursing Loans     

Loan amount: $2,000

  • Minimum payment: $40/month
  • Repayment term (in months): 56
  • Interest rate: 5%
  • Estimated monthly payment: $40

Loan amount: $3,750

  • Minimum payment: $40/month
  • Repayment term (in months): 119
  • Interest rate: 5%
  • Estimated monthly payment: $40

Loan amount: $4,875

  • Minimum payment: $40/month
  • Repayment term (in months): 120
  • Interest rate: 5%
  • Estimated monthly payment: $52
SPU Institutional Loan 

Loan amount: $2,000

  • Minimum payment: $50/month
  • Repayment term (in months): 44
  • Interest rate: 5%
  • Estimated monthly payment: $50

Loan amount: $3,500

  • Minimum payment: $50/month
  • Repayment term (in months): 83
  • Interest rate: 5%
  • Estimated monthly payment: $50

Loan amount: $4,875

  • Minimum payment: $50/month
  • Repayment term (in months): 120
  • Interest rate: 5%
  • Estimated monthly payment: $52