Federal Direct Stafford Loan Repayment Examples

Principal                      Monthly Payment                Total Repayment

$ 5,000                             $ 57.54                            $ 6,904.80

$ 8,000                             $ 92.06                            $11,047.20

$12,000                            $138.10                           $16,572.00

$15,000                            $172.62                           $20,714.40

$19,000                            $218.65                           $26,238.00

*Total repayment amount includes principal owed plus interest; Standard Repayment Plan term is 10 years (120 months) unless otherwise noted; SAMPLE Interest Rate is 6.8% (Based on a past year’s interest rate).

CALCULATIONS ARE ESTIMATED VALUES and MAY NOT REFLECT THE ACTUAL AMOUNT COMPUTED BY THE DIRECT LOAN SERVICING CENTER.

For detailed information on the Federal Direct Stafford Loans, click here.

Jan Marie Combs, EzineArticles Basic Author