Based on 6.8 percent interest rate, 10-year repayment period and a minimum $50 per month payment.
| If you borrowed: |
You will need to make per year: |
To pay this amount monthly: |
| $5,000 |
$6,905 |
$50 |
| $15,000 |
$20,714 |
$173 |
| $23,000 |
$31,762 |
$265 |
| $46,000 |
$59,382 |
$495 |
| $55,000 |
$75,953 |
$633 |
| $65,500 |
$90,454 |
$754 |
| $138,500 |
$191,263 |
$1,594 |
*Recommended annual salary figures are based on 10% of your gross monthly income available for student loan payments. Assumes you are paying your interest for any unsubsidized loans while in school to avoid capitalizing the interest to your final outstanding principle balance.
