Student Loan Sample Repayment Information

Curious to understand the repayment amounts for student loans? The following chart illustrates monthly payment obligations for various student loan amounts based upon information for loans first disbursed between July 1, 2013 and June 30, 2014 (assuming standard repayment plan).

Find out more information about student loans, including instructions for completing loan requirements. For details on the various federal loan repayment plans, visit studentaid.ed.gov.


Subsidized or Unsubsidized * Interest Rate         
(2013-14)
Grace Period
interest may
accure, but no payments due
Repayment Period Estimated
Monthly Repayment
Amount
$3,500 Federal Direct (Stafford) Loan Subsidized 3.86% 6 months 120 month
(10 years)
$35.20
$4,500 Federal Direct (Stafford) Loan Subsidized 3.86% 6 months 120 month
(10 years)
$45.26
$5,500 Federal Direct (Stafford) Loan Subsidized 3.86% 6 months 120 month
(10 years)
$55.32
$2,000 Additional Federal Direct (Stafford) Loan Unsubsidized 3.86% 6 months 120 months 
(10 years)
$23.61
$3,500 Federal Direct (Stafford) Loan Unsubsidized 3.86% 6 months 120 month
(10 years)
$41.32
$4,500 Federal Direct (Stafford) Loan Unsubsidized 3.86% 6 months 120 month
(10 years)
$53.12
$5,500 Federal Direct (Stafford) Loan Unsubsidized 3.86% 6 months 120 month
(10 years)
$64.93
$1,500 Federal Perkins
Loan
Subsidized 5.0% 9 months 120 month
(10 years)
$15,91
$2,000 Federal Perkins
Loan
Subsidized 5.0% 9 months 120 month
(10 years)
$21.21
$1,500 Gettysburg
College Loan **
Subsidized 6.0% 1 month 72 months 
(6 years)
$24.86
$2,000 Gettysburg
College Loan **
Subsidized 6.0% 1 month

72 months
(6 years)

$33.15

 

*Subsidized Loans do not accrue interest when students are enrolled at least half-time at Gettysburg. Unsubsidized Loans are accruing interest while students are enrolled at Gettysburg. To pay the accruing interest on Unsubsidized Federal Student Loans, contact your loan servicer


** Gettysburg College Loans are awarded by the Office of Financial Aid based upon financial need and, unlike Federal Direct Student Loans, are not available to all students.

last updated 9/12/13