Standard 10-Year Repayment Period*

Total Amount Borrowed Minimum Payment Total Interest Paid Minimum Annual Salary Needed Minimum Hourly Salary Needed

$5,000

$57.54

$1,904.83

$8,631.00

$4.15

$7,500

$86.31

$2,857.24

$12,946.50

$6.22

$10,000

$115.08

$3,809.66

$17,262.00

$8.30

$12,500

$143.85

$4,762.07

$21,577.50

$10.37

$15,000

$172.62

$5,714.49

$25,893.00

$12.45

$17,500

$201.39

$6,666.90

$30,208.50

$14.52

$20,000

$230.16

$7,619.31

$34,524.00

$16.60

$25,000

$287.70

$9,524.14

$43,155.00

$20.75

$30,000

$345.24

$11,428.97

$51,786.00

$24.90

$35,000

$402.78

$13,333.80

$60,417.00

$29.05

$42,500

$489.09

$16,191.04

$73,363.50

$35.27

$57,500

$661.71

$21,905.53

$99,256.50

$47.72

$65,000

$748.02

$24,762.77

$112,203.00

$53.94

$72,500

$834.33

$27,620.01

$125,149.50

$60.17

$87,500

$1,006.95

$33,334.50

$151,042.50

$72.62

$95,000

$1,093.26

$36,191.74

$163,989.00

$78.84

$102,500

$1,179.57

$39,048.98

$176,935.50

$85.07

$117,500

$1,352.19

$44,763.47

$202,828.50

$97.51

$138,500

$1,593.86

$52,763.64

$239,079.00

$114.94


Extended 25-Year Repayment Period*


Total Amount Borrowed Minimum Payment Total Interest Paid Minimum Annual Salary Needed Minimum Hourly Salary Needed

$30,000

$208.22

$32,467.29

$31,233.00

$15.02

$35,000

$242.93

$37,875.26

$36,439.50

$17.52

$42,500

$294.98

$45,994.51

$44,247.00

$21.27

$57,500

$399.09

$62,228.15

$59,863.50

$28.78

$65,000

$451.15

$70,342.54

$67,672.50

$32.53

$72,500

$503.20

$78,461.79

$75,480.00

$36.29

$87,500

$607.31

$94,695.44

$91,096.50

$43.80

$95,000

$659.37

$102,809.82

$98,905.50

$47.55

$102,500

$711.42

$110,929.08

$106,713.00

$51.30

$117,500

$815.53

$127,162.72

$122,329.50

$58.81

$138,500

$961.29

$149,886.89

$144,193.50

$69.32

*All figures are based on a 6.8% annual interest rate and equal monthly payments. Minimum salaries are based on the 8% recommendation: Student loan payments should not exceed 8 percent of your gross income.

*All figures assume student is paying interest charges on any unsubsidized loans and not capitalizing the interest while in school.

*You may be eligible for the extended repayment plan if you received your first loan on or after October 7, 1998, and your total debt exceeds $30,000.