Student Loan Repayment Examples

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, 2019 and June 30, 2020 (assuming standard repayment plan).  Repayment amounts calculated using Federal Student Aid's Repayment Estimator and You Can Deal With It's Loan Repayment Calculator.

Loan Type
and Amount
Interest Rate
(2019-20)
Grace Period
interest may accrue,
but no payments due
Repayment
Period
Estimated Monthly
Repayment Amount
$3,500 Federal Direct
Student Loan
4.53% 6 months 120 month
(10 years)
$36- Subsidized Loan
$44- Unsubsidized Loan
$4,500 Federal Direct
Student Loan
4.53% 6 months 120 month
(10 years)

$47- Subsidized Loan
$56- Unsubsidized Loan

$5,500 Federal Direct
Student Loan
4.53% 6 months 120 month
(10 years)
$57- Subsidized Loan
$69- Unsubsidized Loan
$2,000 Federal Direct
Unsubsidized Loan
4.53% 6 months 120 months
(10 years)
$25
$1,500 Gettysburg
College Loan (subsidized) *
6.0% 1 month 72 months
(6 years)
$25
$2,000 Gettysburg
College Loan (subsidized) *
6.0% 1 month

72 months
(6 years)

$33
$10,000 Direct PLUS
(Parent) Loan
7.09% enters repayment once
loan is fully disbursed;
parents can contact loan
servicer to request deferment

120 months
(10 years)

$117
$20,000 Direct PLUS
(Parent) Loan
7.09% enters repayment once
loan is fully disbursed;
parents can contact loan
servicer to request deferment

120 months
(10 years)

$233
  • Under the standard repayment plan, the minimum monthly payment for all your loans within the the Federal Direct Loan program is $50.
  • 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.

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 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.

last updated 6/26/19