2018–2019 Loan Repayment Estimates: Less Than $100K - Nelnet

2018?2019 Loan Repayment Estimates: Less Than $100K

Standard Repayment Plan

The following chart will help you estimate the repayment amount of a student loan. The Standard Repayment Plan term is 10 years, which means you'll make 120 payments until the loan is paid off. Contact your loan servicer if you have trouble making your payments or to learn more about other repayment options. Find your detailed loan account information, including loan balance and assigned servicer, at NSLDS..

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Approximate monthly payment and total accrued interest1

LOAN AMOUNT

$5,000 $10,000 $15,000 $20,000 $25,000 $30,000 $35,000 $40,000 $45,000 $50,000 $55,000 $60,000 $65,000 $70,000 $75,000 $80,000 $85,000 $90,000 $95,000 $100,000

# OF PAYMENTS

120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120

5.05% INTEREST RATE2

Payment

Interest

$53

$1,379

$106

$2,757

$159

$4,136

$213

$5,514

$266

$6,893

$319

$8,272

$372

$9,650

$425

$11,029

$478

$12,407

$532

$13,786

$585

$15,165

$638

$16,543

$691

$17,922

$744

$19,300

$797

$20,679

$850

$22,058

$904

$23,436

$957

$24,815

$1,010

$26,193

$1,063

$27,572

6.60% INTEREST RATE3

Payment

Interest

$57

$1,843

$114

$3,687

$171

$5,530

$228

$7,374

$285

$9,217

$342

$11,061

$399

$12,904

$456

$14,748

$513

$16,591

$570

$18,434

$627

$20,278

$684

$22,121

$741

$23,965

$798

$25,808

$855

$27,652

$912

$29,495

$969

$31,339

$1,027

$33,182

$1,084

$35,025

$1,141

$36,869

7.60% INTEREST RATE4

Payment

Interest

$60

$2,153

$119

$4,307

$179

$6,460

$238

$8,614

$298

$10,767

$358

$12,921

$417

$15,074

$477

$17,228

$537

$19,381

$596

$21,535

$656

$22,688

$715

$25,842

$775

$27,995

$835

$30,148

$894

$32,302

$954

$34,455

$1,013

$36,609

$1,073

$38,762

$1,133

$40,916

$1,192

$43,069

To determine the total amount to be repaid, add interest accrued to your total amount borrowed. For example, total repayment principal and interest for a loan of $5,000 at a 7.60% interest rate would be $7,153 ($5,000 principal and $2,153 interest).

1These calculations are based on the given scenario rate on a 10-year standard term; some loan amounts are eligible for an extended repayment term up to 25 years. 2New Subsidized and Unsubsidized Federal Direct Stafford Loans for undergraduate students. 3New Unsubsidized Federal Direct Stafford Loans for graduate/professional students. 4New Unsubsidized Federal Direct PLUS Loans for parents of dependent undergraduate students and for graduate/professional students.

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