Estimated Monthly Payments for Direct Loan Program Loans

[Pages:6]Estimated Monthly Payments for

Direct Loan Program Loans

Non Consolidated Direct Subsidized and Unsubsidized Loans for Undergraduates

Debt When Loan Enters Repayment

$5,000 $10,000 $25,000 $50,000 $100,000

Standard (10 years)

Graduated (10 years)

Extended Fixed (25 years)

Extended Graduated (25 years)

Per month

Total

Per month

Total

Per month

Total

Per month

Total

$53

$6,364

$30-90

$6,716

N/A

N/A

N/A

N/A

$106

$12,728 $60-180 $13,431

N/A

N/A

N/A

N/A

$265

$31,820 $150-450 $33,578

N/A

N/A

N/A

N/A

$530

$63,639 $300-900 $67,157

$292

$87,689 $208-476 $95,779

$1,061 $127,279 $600-1,800 $134,313

$585

$175,377 $417-951 $191,558

Debt When Loan Enters Repayment

$5,000 $10,000 $25,000 $50,000 $100,000

Income Based Repayment for New Borrowers

Income Contingent Repayment

Revised Pay As You Earn

Single (family size of 1)

Married or Head of Houshold

(family size of 4)

Single (family size of 1)

Married or Head of Houshold

(family size of 4)

Single (family size of 1)

Married or Head of Houshold

(family size of 4)

Per month*

Per month*

Per month*

Per month*

Per month*

Per month*

N/A

N/A

$41

$40

$219

$53

N/A

$53

$82

$81

$219

$53

N/A

$53

$204

$201

$219

$53

$219

$53

$409

$321

$219

$53

$219

$53

$542

$321

$219

$53

Monthly payments are estimates calculated using a fixed interest rate of 5% and an income of $45,000 for a borrower living in the continental US. Salary Estimates from 2013 NACE Salary Survey

* Estimated monthly payments are for the first year only. Repayment plans based on income are re-evaluated annually.

1 | Estimated Monthly Payments for DIRECT LOAN PROGRAM LOANS

Consolidated Direct Subsidized and Unsubsidized Loans for Undergraduates

Debt When Loan Enters Repayment

$5,000 $10,000 $25,000 $50,000 $100,000

Standard (10 to 30 years**)

Graduated (10 to 30 years**)

Extended Fixed (25 years)

Extended Graduated (25 years)

Per month

Total

Per month

Total

Per month

Total

Per month

Total

$53

$6,364

$30-90

$6,716

N/A

N/A

N/A

N/A

$79

$14,234 $48-144 $15,306

N/A

N/A

N/A

N/A

$165

$39,597 $104-283 $43,354

N/A

N/A

N/A

N/A

$292

$87,689 $208-476 $95,779

$292

$87,689 $208-476 $95,779

$537

$193,256 $417-786 $209,933

$585

$175,377 $417-951 $191,558

Debt When Loan Enters Repayment

$5,000 $10,000 $25,000 $50,000 $100,000

Income Based Repayment for New Borrowers

Income Contingent Repayment

Revised Pay As You Earn

Single (family size of 1)

Married or Head of Houshold

(family size of 4)

Single (family size of 1)

Married or Head of Houshold

(family size of 4)

Single (family size of 1)

Married or Head of Houshold

(family size of 4)

Per month*

Per month*

Per month*

Per month*

Per month*

Per month*

N/A

N/A

$41

$40

$219

$53

N/A

$53

$82

$81

$219

$53

N/A

$53

$204

$201

$219

$53

$219

$53

$409

$321

$219

$53

$219

$53

$542

$321

$219

$53

Monthly payments are estimates calculated using a consolidated fixed interest rate of 5% and an income of $45,000 for a borrower living in the continental US. Salary Estimates from 2013 NACE Salary Survey

* Estimated monthly payments are for the first year only. Repayment plans based on income are re-evaluated annually.

** When repaying a Direct Consolidation Loan the maximum repayment period for Standard and Graduated repayment plans are based on your total education indebtedness. Less than $7,500, 10 years; $7,500 - $9,999, 12 years; $10,000 - $19,999, 15 years; $20,000 $39,000, 20 Years; $40,000 - $59,999, 25 years; $60,000 or more, 30 years.

2 | Estimated Monthly Payments for DIRECT LOAN PROGRAM LOANS

Non-Consolidated Direct Unsubsidized Loans for Graduate or Professional Students

Debt When Loan Enters Repayment

$5,000 $10,000 $25,000 $50,000 $100,000

Standard (10 years)

Graduated (10 years)

Extended Fixed (25 years)

Extended Graduated (25 years)

Per month

Total

Per month

Total

Per month

Total

Per month

Total

$57

$6,813

$33-98

$7,307

N/A

N/A

N/A

N/A

$114

$13,626 $65-196 $14,615

N/A

N/A

N/A

N/A

$284

$34,064 $163-490 $36,536

N/A

N/A

N/A

N/A

$568

$68,129 $326-979 $73,073

$338

$101,281 $271-491 $109,896

$1,135 $136,258 $653-1,958 $146,145

$675

$202,562 $542-983 $219,792

Debt When Loan Enters Repayment

$5,000 $10,000 $25,000 $50,000 $100,000

Income Based Repayment for New Borrowers

Income Contingent Repayment

Revised Pay As You Earn

Single (family size of 1)

Married or Head of Houshold

(family size of 4)

Single (family size of 1)

Married or Head of Houshold

(family size of 4)

Single (family size of 1)

Married or Head of Houshold

(family size of 4)

Per month*

Per month*

Per month*

Per month*

Per month*

Per month*

N/A

N/A

$50

$50

$315

$149

N/A

N/A

$100

$100

$315

$149

N/A

$149

$250

$249

$315

$149

$315

$149

$499

$499

$315

$149

$315

$149

$734

$513

$315

$149

Monthly payments are estimates calculated using a fixed interest rate of 6.5% and an income of $56,500 for a borrower living in the continental US. Salary Estimates from 2013 NACE Salary Survey

* Estimated monthly payments are for the first year only. Repayment plans based on income are re-evaluated annually.

3 | Estimated Monthly Payments for DIRECT LOAN PROGRAM LOANS

Consolidated Direct Unsubsidized Loans for Graduate or Professional Students

Debt When Loan Enters Repayment

$5,000 $10,000 $25,000 $50,000 $100,000

Standard (10 to 30 years**)

Graduated (10 to 30 years**)

Extended Fixed (25 years)

Extended Graduated (25 years)

Per month

Total

Per month

Total

Per month

Total

Per month

Total

$57

$6,813

$33-98

$7,307

N/A

N/A

N/A

N/A

$87

$15,680 $54-162 $17,227

N/A

N/A

N/A

N/A

$186

$44,734 $135-289 $48,902

N/A

N/A

N/A

N/A

$338

$101,281 $271-491 $109,896

$338

$101,281 $271-491 $109,896

$632

$227,544 $542-837 $244,550

$675

$202,562 $542-983 $219,792

Debt When Loan Enters Repayment

$5,000 $10,000 $25,000 $50,000 $100,000

Income Based Repayment for New Borrowers

Income Contingent Repayment

Revised Pay As You Earn

Single (family size of 1)

Married or Head of Houshold

(family size of 4)

Single (family size of 1)

Married or Head of Houshold

(family size of 4)

Single (family size of 1)

Married or Head of Houshold

(family size of 4)

Per month*

Per month*

Per month*

Per month*

Per month*

Per month*

N/A

N/A

$50

$50

$315

$149

N/A

N/A

$100

$100

$315

$149

N/A

$149

$250

$249

$315

$149

$315

$149

$499

$499

$315

$149

$315

$149

$734

$513

$315

$149

Monthly payments are estimates calculated using a consolidated fixed interest rate of 6.5% and an income of $56,500 for a borrower living in the continental US. Salary Estimates from 2013 NACE Salary Survey

* Estimated monthly payments are for the first year only. Repayment plans based on income are re-evaluated annually.

** When repaying a Direct Consolidation Loan the maximum repayment period for Standard and Graduated repayment plans are based on your total education indebtedness. Less than $7,500, 10 years; $7,500 - $9,999, 12 years; $10,000 - $19,999, 15 years; $20,000 $39,000, 20 Years; $40,000 - $59,999, 25 years; $60,000 or more, 30 years.

4 | Estimated Monthly Payments for DIRECT LOAN PROGRAM LOANS

Non-Consolidated Direct PLUS Loans for Graduate or Professional Students

Debt When Loan Enters Repayment

$5,000 $10,000 $25,000 $50,000 $100,000

Standard (10 years)

Graduated (10 years)

Extended Fixed (25 years)

Extended Graduated (25 years)

Per month

Total

Per month

Total

Per month

Total

Per month

Total

$59

$7,122

$34-103

$7,722

N/A

N/A

N/A

N/A

$119

$14,244 $69-207 $15,444

N/A

N/A

N/A

N/A

$297

$35,611 $172-507 $38,611

N/A

N/A

N/A

N/A

$594

$71,221 $345-1,035 $77,221

$369

$110,849

$312

$119,544

$1,187 $142,442 $690-2,070 $154,443

$739

$221,697

$625

$239,089

Debt When Loan Enters Repayment

$5,000 $10,000 $25,000 $50,000 $100,000

Income Based Repayment for New Borrowers

Income Contingent Repayment

Revised Pay As You Earn

Single (family size of 1)

Married or Head of Houshold

(family size of 4)

Single (family size of 1)

Married or Head of Houshold

(family size of 4)

Single (family size of 1)

Married or Head of Houshold

(family size of 4)

Per month*

Per month*

Per month*

Per month*

Per month*

Per month*

N/A

N/A

$53

$53

$315

$149

N/A

N/A

$105

$105

$315

$149

N/A

$149

$263

$263

$315

$149

$315

$149

$526

$513

$315

$149

$315

$149

$734

$513

$315

$149

Monthly payments are estimates calculated using a fixed interest rate of 7.5% and an income of $56,500 for a borrower living in the continental US. Salary Estimates from 2013 NACE Salary Survey

* Estimated monthly payments are for the first year only. Repayment plans based on income are re-evaluated annually.

5 | Estimated Monthly Payments for DIRECT LOAN PROGRAM LOANS

Consolidated Direct PLUS Loans for Graduate or Professional Students

Debt When Loan Enters Repayment

$5,000 $10,000 $25,000 $50,000 $100,000

Standard (10 to 30 years**)

Graduated (10 to 30 years**)

Extended Fixed (25 years)

Extended Graduated (25 years)

Per month

Total

Per month

Total

Per month

Total

Per month

Total

$59

$7,122

$34-103

$7,722

N/A

N/A

N/A

N/A

$93

$16,686 $62-162 $18,336

N/A

N/A

N/A

N/A

$201

$48,336 $156-296 $52,667

N/A

N/A

N/A

N/A

$370

$110,849 $312-507 $119,544

$370

$110,849 $312-507 $119,544

$699

$251,717 $625-879 $268,348

$739

$221,697 $625-1,014 $239,089

Debt When Loan Enters Repayment

$5,000 $10,000 $25,000 $50,000 $100,000

Income Based Repayment for New Borrowers

Income Contingent Repayment

Revised Pay As You Earn

Single (family size of 1)

Married or Head of Houshold

(family size of 4)

Single (family size of 1)

Married or Head of Houshold

(family size of 4)

Single (family size of 1)

Married or Head of Houshold

(family size of 4)

Per month*

Per month*

Per month*

Per month*

Per month*

Per month*

N/A

N/A

$53

$53

$315

$149

N/A

N/A

$105

$105

$315

$149

N/A

$149

$263

$263

$315

$149

$315

$149

$526

$513

$315

$149

$315

$149

$734

$513

$315

$149

Monthly payments are estimates calculated using a consolidated fixed interest rate of 7.5% and an income of $56,500 for a borrower living in the continental US. Salary Estimates from 2013 NACE Salary Survey

* Estimated monthly payments are for the first year only. Repayment plans based on income are re-evaluated annually.

** When repaying a Direct Consolidation Loan the maximum repayment period for Standard and Graduated repayment plans are based on your total education indebtedness. Less than $7,500, 10 years; $7,500 - $9,999, 12 years; $10,000 - $19,999, 15 years; $20,000 $39,000, 20 Years; $40,000 - $59,999, 25 years; $60,000 or more, 30 years.

6 | Estimated Monthly Payments for DIRECT LOAN PROGRAM LOANS

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