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, 2014 and June 30, 2015 (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. Repayment amounts calculated using You Can Deal With It's Loan Repayment Calculator.

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.

 Loan Type and Amount Interest Rate 
(2014-15)
Grace Period
interest may accure,
but no payments due
Repayment Period Estimated
Monthly Repayment
Amount
$3,500 Federal Direct Subsidized Loan 4.66% 6 months 120 month
(10 years)
$36.54
$4,500 Federal Direct Subsidized Loan 4.66% 6 months 120 month
(10 years)
$46.99
$5,500 Federal Direct Subsidized Loan 4.66% 6 months 120 month
(10 years)
$57.43
$2,000 Federal Direct Unsubsidized Loan 4.66% 6 months 120 months 
(10 years)
$25.26
$3,500 Federal Direct Unsubsidized Loan 4.66% 6 months 120 month
(10 years)
$44.21
$4,500 Federal Direct Unsubsidized Loan 4.66% 6 months 120 month
(10 years)
$56.84
$5,500 Federal Direct Unsubsidized Loan 4.66% 6 months 120 month
(10 years)
$69.47
$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
$10,000 Direct PLUS (Parent) Loan 7.21% enters repayment once loan is fully disbursed;
parents can contact loan servicer to reuqest deferment

120 months
(10 years)

$155.22
$20,000 Direct PLUS (Parent) Loan 7.21% enters repayment once loan is fully disbursed;
parents can contact loan servicer to reuqest deferment

120 months
(10 years)

$310.43

 

* 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 7/21/14