Chart of Monthly Payment Amounts
To help you understand the implications of a student loan, we are providing a chart of the monthly payment amounts for various loan totals. In addition, you will find a repayment calculator at the following fin aid site.
Actual repayment schedules are often more complex. This is a very general guide only!
The chart is based on assumptions which reflect a typical student loan, but they may vary from the actual terms of your promissory note.
Assumptions:
- The repayment period is 10 years, except where minimum payment rules (see promissory note) modify the time of repayment.
- The interest rate is set at 5% per year, which is a common rate for campus-based loans.
Chart of Monthly Payment Amounts (by total amount borrowed):
If your loan amount
| is not less than: | and is not greater than: | then your Monthly Payment is: |
|---|---|---|
| .00 | 3,771.25 | 40.00 |
| 3,771.26 | 4,242.66 | 45.00 |
| 4,242.67 | 4,714.06 | 50.00 |
| 4,714.07 | 5,185.47 | 55.00 |
| 5,185.48 | 5,656.88 | 60.00 |
| 5,656.89 | 6,128.28 | 65.00 |
| 6,128.29 | 6,599.69 | 70.00 |
| 6,599.70 | 7,071.10 | 75.00 |
| 7,071.11 | 7,542.50 | 80.00 |
| 7,542.51 | 8,013.91 | 85.00 |
| 8,013.92 | 8,485.32 | 90.00 |
| 8,485.33 | 8,956.72 | 95.00 |
| 8,956.73 | 9,428.13 | 100.00 |
| 9,428.14 | 9,899.54 | 105.00 |
| 9,899.55 | 10,370.95 | 110.00 |
| 10,370.96 | 10,842.35 | 115.00 |
| 10,842.36 | 11,313.76 | 120.00 |
| 11,313.77 | 11,785.17 | 125.00 |
| 11,785.18 | 12,256.57 | 130.00 |
| 12,256.58 | 12,727.98 | 135.00 |
| 12,727.99 | 13,199.39 | 140.00 |
| 13,199.40 | 13,670.79 | 145.00 |
| 13,670.80 | 14,142.20 | 150.00 |
| 14,142.21 | 14,613.61 | 155.00 |
| 14,613.62 | 15,085.01 | 160.00 |
| 15,085.02 | 15,556.42 | 165.00 |
| 15,556.43 | 16,027.83 | 170.00 |
| 16,027.84 | 16,499.23 | 175.00 |
| 16,499.24 | 16,970.64 | 180.00 |
| 16,970.65 | 17,442.05 | 185.00 |
| 17,442.06 | 17,913.45 | 190.00 |
| 17,913.46 | 18,384.86 | 195.00 |
| 18,384.87 | 18,856.27 | 200.00 |
| 18,856.28 | 19,327.67 | 205.00 |
| 19,327.68 | 19,799.08 | 210.00 |
| 19,799.09 | 20,270.49 | 215.00 |
| 20,270.50 | 20,741.90 | 220.00 |
| 20,741.91 | 21,213.30 | 225.00 |
| 21,213.31 | 21,684.71 | 230.00 |
| 21,684.72 | 22,156.12 | 235.00 |
| 22,156.13 | 22,627.52 | 240.00 |
| 22,627.53 | 23,098.93 | 245.00 |
| 23,098.94 | 23,570.34 | 250.00 |
| 23,570.35 | 24,041.74 | 255.00 |
| 24,041.75 | 24,513.15 | 260.00 |
| 24,513.16 | 24,984.56 | 265.00 |
| 24,984.57 | 25,455.96 | 270.00 |
| 25,455.97 | 25,927.37 | 275.00 |
| 25,927.38 | 26,398.78 | 280.00 |
| 26,398.79 | 26,870.18 | 285.00 |
| 26,870.19 | 27,341.59 | 290.00 |
| 27,341.60 | 27,813.00 | 295.00 |
| 27,813.01 | 28,284.40 | 300.00 |
| 28,284.41 | 28,755.81 | 305.00 |
| 28,755.82 | 29,227.22 | 310.00 |
| 29,227.23 | 29,698.62 | 315.00 |
| 29,698.63 | 30,170.03 | 320.00 |
| 30,170.04 | 30,641.44 | 325.00 |
| 30,641.45 | 31,112.84 | 330.00 |
| 31,112.85 | 31,584.25 | 335.00 |
| 31,584.26 | 32,055.66 | 340.00 |
| 32,055.67 | 32,527.07 | 345.00 |
| 32,527.08 | 32,998.47 | 350.00 |
| 32,998.48 | 33,469.88 | 355.00 |
| 33,469.89 | 33,941.29 | 360.00 |
| 33,941.30 | 34,412.69 | 365.00 |
| 34,412.70 | 34,884.10 | 370.00 |
| 34,884.11 | 35,355.51 | 375.00 |
| 35,355.52 | 35,826.91 | 380.00 |
| 35,826.92 | 36,298.32 | 385.00 |
| 36,298.33 | 36,769.73 | 390.00 |
| 36,769.74 | 37,241.13 | 395.00 |
| 37,241.14 | 37,712.54 | 400.00 |
| 37,712.55 | 38,183.95 | 405.00 |
| 38,183.96 | 38,655.35 | 410.00 |
| 38,655.36 | 39,126.76 | 415.00 |
| 39,126.77 | 39,598.17 | 420.00 |
| 39,598.18 | 40,069.57 | 425.00 |
| 40,069.58 | 40,540.98 | 430.00 |
| 40,540.99 | 41,012.39 | 435.00 |
| 41,012.40 | 41,483.79 | 440.00 |
| 41,483.80 | 41,955.20 | 445.00 |
| 41,955.21 | 42,426.61 | 450.00 |
| 42,426.62 | 42,898.02 | 455.00 |
| 42,898.03 | 43,369.42 | 460.00 |
| 43,369.43 | 43,840.83 | 465.00 |
| 43,840.84 | 44,312.24 | 470.00 |
| 44,312.25 | 44,783.64 | 475.00 |
| 44,783.65 | 45,255.05 | 480.00 |
| 45,255.06 | 45,726.46 | 485.00 |
| 45,726.47 | 46,197.86 | 490.00 |
| 46,197.87 | 46,669.27 | 495.00 |
| 46,669.28 | 47,140.68 | 500.00 |
| 47,140.69 | 47,612.08 | 505.00 |
| 47,612.09 | 48,083.49 | 510.00 |
| 48,083.50 | 48,554.90 | 515.00 |
| 48,554.91 | 49,026.30 | 520.00 |
| 49,026.31 | 49,497.71 | 525.00 |
| 49,497.72 | 49,969.12 | 530.00 |
| 49,969.13 | 50,440.52 | 535.00 |
| 50,440.53 | 50,911.93 | 540.00 |
| 50,911.94 | 51,383.34 | 545.00 |
| 51,383.35 | 51,854.74 | 550.00 |
| 51,854.75 | 52,326.15 | 555.00 |
| 52,326.16 | 52,797.56 | 560.00 |
| 52,797.57 | 53,268.97 | 565.00 |
| 53,268.98 | 53,740.37 | 570.00 |
| 53,740.38 | 54,211.78 | 575.00 |
| 54,211.79 | 54,683.19 | 580.00 |
| 54,683.20 | 55,154.59 | 585.00 |
| 55,154.60 | 55,626.00 | 590.00 |
| 55,626.01 | 56,097.41 | 595.00 |
| 56,097.42 | 56,568.81 | 600.00 |
| 56,568.82 | 57,040.22 | 605.00 |
| 57,040.23 | 57,511.63 | 610.00 |
| 57,511.64 | 57,983.03 | 615.00 |
| 57,983.04 | 58,454.44 | 620.00 |
| 58,454.45 | 58,925.85 | 625.00 |
| 58,925.86 | 59,397.25 | 630.00 |
| 59,397.26 | 59,868.66 | 635.00 |
| 59,868.67 | 60,340.07 | 640.00 |
| 60,340.08 | 60,811.47 | 645.00 |
| 60,811.48 | 61,282.88 | 650.00 |
| 61,282.89 | 61,754.29 | 655.00 |
| 61,754.30 | 62,225.69 | 660.00 |
| 62,225.70 | 62,697.10 | 665.00 |
| 62,697.11 | 63,168.51 | 670.00 |
| 63,168.52 | 63,639.91 | 675.00 |
| 63,639.92 | 64,111.32 | 680.00 |
| 64,111.33 | 64,582.73 | 685.00 |
| 64,582.74 | 65,054.14 | 690.00 |
| 65,054.15 | 65,525.54 | 695.00 |
| 65,525.55 | 65,996.95 | 700.00 |
| 65,996.96 | 66,468.36 | 705.00 |
| 66,468.37 | 66,939.76 | 710.00 |
| 66,939.77 | 67,411.17 | 715.00 |
| 67,411.18 | 67,882.58 | 720.00 |
| 67,882.59 | 68,353.98 | 725.00 |
| 68,353.99 | 68,825.39 | 730.00 |
| 68,825.40 | 69,296.80 | 735.00 |
| 69,296.81 | 69,768.20 | 740.00 |
| 69,768.21 | 70,239.61 | 745.00 |
| 70,239.62 | 70,711.02 | 750.00 |
| 70,711.03 | 71,182.42 | 755.00 |
| 71,182.43 | 71,653.83 | 760.00 |
| 71,653.84 | 72,125.24 | 765.00 |
| 72,125.25 | 72,596.64 | 770.00 |
| 72,596.65 | 73,068.05 | 775.00 |
| 73,068.06 | 73,539.46 | 780.00 |
| 73,539.47 | 74,010.86 | 785.00 |
| 74,010.87 | 74,482.27 | 790.00 |
| 74,482.28 | 74,953.68 | 795.00 |
| 74,953.69 | 75,425.09 | 800.00 |
| 75,425.10 | 75,896.49 | 805.00 |
| 75,896.50 | 76,367.90 | 810.00 |
| 76,367.91 | 76,839.31 | 815.00 |
| 76,839.32 | 77,310.71 | 820.00 |
| 77,310.72 | 77,782.12 | 825.00 |
| 77,782.13 | 78,253.53 | 830.00 |
| 78,253.54 | 78,724.93 | 835.00 |
| 78,724.94 | 79,196.34 | 840.00 |
| 79,196.35 | 79,667.75 | 845.00 |
| 79,667.76 | 80,139.15 | 850.00 |
| 80,139.16 | 80,610.56 | 855.00 |
| 80,610.57 | 81,081.97 | 860.00 |
| 81,081.98 | 81,553.37 | 865.00 |
| 81,553.38 | 82,024.78 | 870.00 |
| 82,024.79 | 82,496.19 | 875.00 |
| 82,496.20 | 82,967.59 | 880.00 |
| 82,967.60 | 83,439.00 | 885.00 |
| 83,439.01 | 83,910.41 | 890.00 |
| 83,910.42 | 84,381.81 | 895.00 |
| 84,381.82 | 84,853.22 | 900.00 |
| 84,853.23 | 85,324.63 | 905.00 |
| 85,324.64 | 85,796.03 | 910.00 |
| 85,796.04 | 86,267.44 | 915.00 |
| 86,267.45 | 86,738.85 | 920.00 |
| 86,738.86 | 87,210.26 | 925.00 |
| 87,210.27 | 87,681.66 | 930.00 |
| 87,681.67 | 88,153.07 | 935.00 |
| 88,153.08 | 88,624.48 | 940.00 |
| 88,624.49 | 89,095.88 | 945.00 |
| 89,095.89 | 89,567.29 | 950.00 |
| 89,567.30 | 90,038.70 | 955.00 |
| 90,038.71 | 90,510.10 | 960.00 |
| 90,510.11 | 90,981.51 | 965.00 |
| 90,981.52 | 91,452.92 | 970.00 |
| 91,452.93 | 91,924.32 | 975.00 |
| 91,924.33 | 92,395.73 | 980.00 |
| 92,395.74 | 92,867.14 | 985.00 |
| 92,867.15 | 93,338.54 | 990.00 |
| 93,338.55 | 93,809.95 | 995.00 |
| 93,809.96 | 94,281.36 | 1,000.00 |