SECTION 11: SAMPLE PAYMENT AMOUNTS
The tables below provide repayment estimates under the traditional and income-driven repayment plans. These figures are estimates based on an interest rate of 6%,
the average Direct Loan interest rate for undergraduate and graduate borrowers. The figures also assume a family size of 1, that you live in the continental U.S., and
that your income increases 5% each year. Various factors, including your interest rate, your loan debt, your income, and if and how quickly your income rises, may cause
your repayment to differ from the estimates shown in these tables. These figures use the 2015 Poverty Guidelines and Income Percentage Factors.
Table 2. Non-Consolidation, Undergraduate Loan Debt of $30,000 in Direct
Table 3. Non-Consolidation, Undergraduate/Graduate Loan Debt of $60,000
Unsubsidized Loans and Starting Income of $25,000
in Direct Unsubsidized Loans and Starting Income of $40,000
Initial
Final
Time in
Total
Loan
Initial
Final
Time in
Loan
Repayment Plan
Repayment Plan
Total Paid
Payment
Payment
Repayment
Paid
Forgiveness
Payment
Payment
Repayment
Forgiveness
Standard
$333
$333
10 years
$39,967
N/A
Standard
$666
$666
10 years
$79,935
N/A
Graduated
$190
$571
10 years
$42,636
N/A
Graduated
$381
$1,143
10 years
$85,272
N/A
Extended-Fixed
Extended-Fixed
Ineligible
-
-
-
-
$387
$387
25 years
$115,974
N/A
Extended-
Extended-
Ineligible
$300
$582
25 years
$126,173
N/A
-
-
-
-
Graduated
Graduated
PAYE & IBR (new
PAYE & IBR (new
$61
$299
20 years
$38,714
$27,164
$186
$615
20 years
$88,314
$41,008
borrowers)
borrowers)
24 years,
REPAYE
REPAYE
$61
$299
20 years
$38,714
$23,672
$186
$819
$131,061
$0
11 months
21 years, 6
18 years, 1
IBR
$92
$333
$60,441
$0
IBR
$279
$666
$107,385
$0
months
month
19 years, 2
13 years, 8
ICR
$197
$255
$51,838
$0
ICR
$471
$586
$89,152
$0
months
months
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