|
STANDARD
REPAYMENT
Typical repayment schedules for both the Federal Stafford and
the Federal PLUS loans are based on a 10-year repayment period
and an interest rate of 8.25% (the highest possible rate under
the Federal Stafford Loans). Assuming all payments are made on
schedule, the minimum monthly payment for all Federal Stafford
of Federal PLUS loans is $50.00/month.
TYPICAL STANDARD REPAYMENT TABLE1
| Total
Debt When Borrower Enters Repayment |
Standard
2 |
| Monthly
Payment |
Total
Repaid |
| $2,500 |
$50 |
$2,907 |
| $5,000 |
$56 |
$6,749 |
| $7,500 |
$84 |
$10,123 |
| $10,000 |
$112 |
$13,798 |
| $15,000 |
$169 |
$20,247 |
- Payments are calculated using a 6.29% annual
interest rate and a ten-year repayment period. Examples only,
actual numbers may vary.
- Equal and fixed monthly payments ($50 minimum).
| For more information, contact us at: |
EFSI
P.O. Box 14445
Austin, TX 78761-4445
1-888-312-EFSI (3374)
E-mail: customer.service@efsi.net
|
|
| SEND
TO PRINTER |
CLOSE
WINDOW |
|