MBA Finances

Federal Loans FAQ's

How much will I have to repay and how often?

Usually you'll pay monthly. Your repayment amount will depend on the size of your debt and the length of your repayment period as well as the repayment plan you choose.

The charts below show sample repayment information based on a 10-year "Standard Repayment" schedule (equal payments every month for 10 years). Please visit the Direct Loans Repayment Estimator to see payment samples for other repayment schedules/options, as well as to run calculations using different loan amounts.

Direct Loan (Sub/Unsub) Amount Owed When You Enter Repayment		Standard Repayment Plan
		Monthly Payment	Total Amount Repaid (Interest + Principal)
$8,500	6.8% Fixed Interest Rate	$97.82	$11,738.40
<$17,000	6.8% Fixed Interest Rate	$195.64	$23,476.80
$20,500	6.8% Fixed Interest Rate	$235.91	$28,309.20
$41,000	6.8% Fixed Interest Rate	$471.83	$56,619.60

Direct Grad PLUS Loan Amount Owed When You Enter Repayment		Standard Repayment Plan
		Monthly Payment	Total Amount Repaid (Interest + Principal)
$10,000	7.9% Fixed Interest Rate	$120.80	$14,496.00
$16,000	7.9% Fixed Interest Rate	$193.28	$23,193.60
$21,000	7.9% Fixed Interest Rate	$253.68	$30,441.60
$32,000	7.9% Fixed Interest Rate	$386.56	$46,387.20