Sample Loan Repayment Schedule - Illinois Wesleyan University

Sample Loan Repayment Schedule

The sample loan repayment schedules listed below help illustrate the differences in your monthly payments based on your choice of repayment plan. Review the features of each repayment plan to determine what is best for your personal situation at .

The monthly payments listed below are based on the following criteria:

$27,000 total federal student loans borrowed

4.5% interest rate

$25,000 starting Adjusted Gross Income (AGI)

Single, family size of one, living in Illinois

You may calculate the monthly payment based on your individual borrowing, marital status, state of residence, and income by using the Repayment Estimator. Enter different AGI amounts to see how your monthly payments change depending on your current or projected annual income.

Loan Repayment

Plan

Standard

Total Months 120

Initial Payment

Final Payment

Total Paid

$280

$280

$33,579

Projected Forgiveness

$0

Graduated

120

$157

$472

$35,243

$0

Revised pay as

282

you earn

(REPAYE)

120

Pay as you

240

earn (PAYE)

120

Income-based

(IBR)

240

New

borrowers

120

Income-

Contingent

229

(ICR)

120

$52 $52 $52 $159

$371

$130

$280 $130 $280 $130 $202 $178

$49,077

$10,583

$35,344 $10,583 $35,344 $10,583 $40,994 $20,160

$0

$27,453

$0 $28,567

$0 $28,567

$0 $17,028

Sample Loan Repayment Schedule

The sample loan repayment schedules listed below help illustrate the differences in your monthly payments based on your choice of repayment plan. Review the features of each repayment plan to determine what is best for your personal situation at .

The monthly payments listed below are based on the following criteria:

$27,000 total federal student loans borrowed

4.5% interest rate

$35,000 starting Adjusted Gross Income (AGI)

Single, family size of one, living in Illinois

You may calculate the monthly payment based on your individual borrowing, marital status, state of residence, and income by using the Repayment Estimator. Enter different AGI amounts to see how your monthly payments change depending on your current or projected annual income.

Loan Repayment

Plan

Standard

Total Months 120

Initial Payment

Final Payment

Total Paid

$280

$280

$33,579

Projected Forgiveness

$0

Graduated

120

$157

$472

$35,243

$0

Revised pay as

170

you earn

(REPAYE)

120

Pay as you

176

earn (PAYE)

120

Income-based

(IBR)

176

New

borrowers

120

Income-

Contingent

181

(ICR)

120

$136 $136 $136 $191

$360

$260

$280 $260 $280 $260 $226 $213

$38,471

$23,161

$38,566 $23,161 $38,566 $23,161 $37,559 $24,262

$0

$13,891

$0 $13,891

$0 $13,891

$0 $11,868

Sample Loan Repayment Schedule

The sample loan repayment schedules listed below help illustrate the differences in your monthly payments based on your choice of repayment plan. Review the features of each repayment plan to determine what is best for your personal situation at .

The monthly payments listed below are based on the following criteria:

$27,000 total federal student loans borrowed

4.5% interest rate

$45,000 starting Adjusted Gross Income (AGI)

Single, family size of one, living in Illinois

You may calculate the monthly payment based on your individual borrowing, marital status, state of residence, and income by using the Repayment Estimator. Enter different AGI amounts to see how your monthly payments change depending on your current or projected annual income.

Loan Repayment

Plan

Standard

Total Months 120

Initial Payment

Final Payment

Total Paid

$280

$280

$33,579

Projected Forgiveness

$0

Graduated

120

$157

$472

$35,243

$0

Revised pay as

116

you earn

(REPAYE)

n/a

Pay as you

130

earn (PAYE)

120

Income-based

(IBR)

n/a

New

borrowers

n/a

Income-

Contingent

156

(ICR)

120

$219 $219 Not Eligible $215

$389

n/a

$280 $280 n/a n/a $243 $242

$34,076

n/a

$34,469 $31,781

n/a n/a $35,915 $27,369

$0

n/a

$0 $2,636

n/a n/a $0 $17,993

 ................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download