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Office of Financial Aid
 
Office of Financial Aid
Ellington Building
Room 216
PO Box 4546
Clarksville, TN 37044
Phone (931) 221-7907
Toll Free 1-877-508-0057
Fax (931) 221-6329
Email SFAO

 
 
Hours: Monday thru Friday
8:00 am to 4:30 pm

 

 

 

Financial Aid - Sample Repayment



 

The chart provides only estimated payments and assumes that the interest rate stays the same each year. Under Federal regulations, the interest rates for the FFEL programs are subject to change once a year.

Interest Rates

3%

4%

5%

7%

Total Loan Amount

Monthly Payment

Monthly Payment

Monthly Payment

Monthly Payment

$1,000

$50

$50

$50

$50

$1,500

$50

$50

$50

$50

$2,000

$50

$50

$50

$50

$2,625

$50

$50

$50

$50

$3,000

$50

$50

$50

$50

$3,500

$50

$50

$50

$50

$4,000

$50

$50

$50

$50

$4,500

$50

$50

$50

$52.25

$5,000

$50

$50.62

$53.03

$58.05

$5,500

$53.11

$55.68

$58.34

$63.86

$6,000

$57.94

$60.75

$63.64

$69.67

$7,000

$67.59

$70.87

$74.25

$81.28

$8,000

$77.25

$81.00

$84.85

$92.89

$8,500

$82.08

$86.06

$90.16

$98.69

$9,000

$86.90

$91.12

$95.46

$104.50

$10,000

$96.56

$101.25

$106.07

$116.11

$11,000

$106.22

$111.37

$116.67

$127.72

$12,000

$115.87

$121.49

$127.28

$139.33

$13,000

$125.53

$131.62

$137.89

$150.94

$14,000

$135.19

$141.74

$148.49

$162.55

$15,000

$144.84

$151.87

$159.10

$174.16

$18,500

$178.64

$187.30

$196.22

$214.80

$20,000

$193.12

$202.49

$212.13

$232.22

$25,000

$241.40

$253.11

$265.16

$290.27

$30,000

$289.68

$303.74

$318.20

$348.33

$35,000

$337.96

$354.36

$371.23

$406.38

$40,000

$386.24

$404.98

$424.26

$464.43

$45,000

$434.52

$455.60

$477.29

$522.49

$50,000

$482.80

$506.23

$530.33

$580.54

Based on a 10-year repayment period.  Minimum monthly payment is $50.00.

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