Financial Aid
Monthly and Total Payments Under Different Repayment Plans1
| Standard2 | Extended | Graduated | Income Contingent3 Single |
Income Contingent3 Married/HOH4 |
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|---|---|---|---|---|---|---|---|---|---|---|
| Total Debt When Borrower Enters Repayment |
Per Month | Total Payment | Per Month | Total Payment | Per Month | Total Payment | Per Month | Total Payment | Per Month | Total Payment |
| $2,500 | $50 | $3,074 | $50 | $3,074 | $25 | $4,029 | $23 | $4,512 | $22 | $4,662 |
| $5,000 | $61 | $7,360 | $55 | $7,893 | $35 | $8,646 | $45 | $9,023 | $43 | $9,325 |
| $7,500 | $92 | $11,039 | $82 | $11,840 | $53 | $12,970 | $68 | $13,535 | $65 | $13,987 |
| $10,000 | $123 | $14,718 | $97 | $17,462 | $69 | $19,175 | $91 | $18,046 | $86 | $18,650 |
| $15,000 | $184 | $22,078 | $146 | $26,194 | $103 | $28,762 | $136 | $27,070 | $129 | $27,974 |
| $20,000 | $245 | $29,437 | $170 | $40,898 | $138 | $44,423 | $181 | $36,093 | $172 | $37,299 |
| $25,000 | $307 | $36,796 | $213 | $51,125 | $172 | $55,529 | $227 | $45,116 | $215 | $46,624 |
| 1Payments are calculated using the maximum interest rate of 8.25% for student borrowers | ||||||||||
| 2Equal and fixed monthly payments = $50 minimum for the Standard Plan | ||||||||||
| 3Income Contingent Plan assumes $25,000 income and a 5% annual income growth | ||||||||||
| 4HOH is Head of Household - assumes a family size of two | ||||||||||