Georgetown University Medical Center

Sample Loan Repayments

Section: Sample Loan Repayment

Federal Stafford Loan Repayment Examples

These figures assume the maximum interest rate allowed by federal regulations, a 3-year residency, 2½ years of forbearance, no deferment eligibility and a 10-year repayment.

Interest Rate 6.8%
Monthly Payment $503
Amount Borrowed $34,000 (subsidized Federal Stafford) 
Total Principal Plus Interest $60,360 

Interest Rate 6.8%
Monthly Payment $2,105
Amount Borrowed $120,000 (unsubsidized Federal Stafford)
Total Principal Plus Interest $252,600

 

Alternative Student Loan Repayment Example

The repayment figures listed below assume 4 years of medical school, a 3-year residency, a fixed interest rate and the maximum repayment term of 20 years.

Interest Rate 7.75%
Monthly Payment $553.02
Amount Borrowed $60,000
Total Principal Plus Interest $132,725