2004 - 2005 MEETING COLLEGE EXPENSES:
A Guide for Seeking
Financial Assistance

Table I: Approximate Monthly Student Loan Payments
(Monthly payment by interest rate)

Table I: Approximate Monthly Student Loan Payments *

Amount
Borrowed

5.0 %

8.25 %

9.0 %

10.0 %

$ 1,000

$ 50
(21 months)

$ 51
(21 months)

$ 52
(21 months)

$ 52
(21 months)

$ 2,000

$ 47
(46 months)

$ 51
(46 months)

$ 52
(46 months)

$ 53
(46 months)

$ 3,000

$ 46
(76 months)

$ 50
(76 months)

$ 52
(76 months)

$ 53
(76 months)

$ 4,000

$ 44
(114 months)

$ 50
(114 months)

$ 52
(114 months)

$ 54
(114 months)

$ 5,000

$ 53

$ 61

$ 63

$ 66

$ 10,000

$ 106

$ 123

$ 127

$ 132

$ 15,000

$ 159

$ 187

$ 190

$ 198

$ 20,000

$ 212

$ 245

$ 253

$ 264

$ 25,000

$ 265

$ 307

$ 317

$ 330

$ 30,000

$ 318

$ 367

$ 380

$ 396

$ 35,000

$ 371

$ 429

$ 443

$ 463

$ 40,000

$ 424

$ 490

$ 506

$ 528

$ 45,000

$ 477

$ 552

$ 570

$ 595

$ 50,000

$ 530

$ 613

$ 633

$ 660

$ 55,000

$ 583

$ 675

$ 697

$ 727

$ 60,000

$ 636

$ 735

$ 760

$ 792

$ 65,000

$ 689

$ 797

$ 823

$ 859

$ 70,000

$ 742

$ 858

$ 886

$ 925

$ 75,000

$ 795

$ 919

$ 950

$ 991

* Monthly payment amounts are based on a repayment period of 10 years (120 months)

Note: Minimum payments generally are not less than $50, depending on the loan conditions.

 

Table A

Table B

Tables C

Tables D and E

Table F, G, and H

Table J

Budgetary Tables Master Directory

FA Guide Beginning

FA Guide End


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Last update:
June 11, 2004