Standard Repayment Plan for Federal Student Loans

Standard repayment is the most popular repayment plan for federal student and parent loans, in part because it is the default option for borrowers who have not chosen another repayment plan.

Standard repayment is a level payment plan, with up to 120 fixed monthly payments during a repayment term of up to 10 years.

There is a $50 minimum monthly payment for Direct Subsidized and Unsubsidized Loans, PLUS Loans, and Direct Consolidation Loans and a $40 minimum monthly payment for Perkins Loans. Some borrowers with an outstanding Perkins Loan made before October 1, 1992 may have a $30 minimum payment. The final payment may be less than the minimum monthly payment. Borrowers with lower loan balances of just a few thousand dollars may take less than 10 years to repay their loans under standard repayment because of the minimum monthly payment.

Borrowers save money by paying less interest over a standard repayment term because standard repayment offers the shortest repayment term.

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Have you been employed for at least 2 years?
Do you currently have a credit score of at least 680?
Have you defaulted on your current loans?*

* Default = 270 days late/missed payment on a federal loan and typically 90 days late/missed payment on a private loan (contact your lender for exact definition of default).

The monthly payment under standard repayment is typically about 1.0% to 1.3% of the total loan balance when the loan entered repayment. One can quickly estimate the monthly loan payment by removing the two least significant digits from the original loan balance. For example, the monthly payment on a $20,000 loan is about $200 a month on a 10-year repayment term.

This chart shows the monthly payments under standard repayment for various interest rates and loan balances.


Interest Rate
Loan Balance 3% 4% 5% 6% 7% 8% 9% 10% 
$10,000 $96.56 $101.25 $106.07 $111.02 $116.11 $121.33 $126.68 $132.15
$20,000 $193.12 $202.49 $212.13 $222.04 $232.22 $242.66 $253.35 $264.30
$30,000 $289.68 $303.74 $318.20 $333.06 $348.33 $363.98 $380.03 $396.45
$40,000 $386.24 $404.98 $424.26 $444.08 $464.43 $485.31 $506.70 $528.60
$50,000 $482.80 $506.23 $530.33 $555.10 $580.54 $606.54 $633.38 $660.75
$60,000 $579.36 $607.47 $636.39 $666.12 $696.65 $727.97 $760.05 $792.90
$70,000 $675.93 $708.72 $742.46 $777.14 $812.76 $849.29 $886.73 $925.06
$80,000 $772.49 $809.96 $848.52 $888.16 $928.87 $970.62 $1,013.41 $1,057.21
$90,000 $869.05 $911.21 $954.59 $999.18 $1,044.98 $1,091.95 $1,140.08 $1,189.36
$100,000 $965.61 $1,012.45 $1,060.66  $1,110.21 $1,161.08 $1,213.28 $1,266.76 $1,321.51

The payments made under standard repayment typically total about 116% to 159% of the original loan balance when the loan entered repayment, depending on the interest rate. This chart shows the total payments under standard repayment for various interest rates and loan balances.


Interest Rate
Loan Balance 3% 4% 5% 6% 7% 8% 9% 10% 
$10,000 $11,587 $12,149 $12,728 $13,322 $13,933 $14,559 $15,201 $15,858
$20,000 $23,175 $24,299 $25,456 $26,645 $27,866 $29,119 $30,402 $31,716
$30,000 $34,762 $36,448 $38,184 $39,967 $41,799 $43,678 $45,603 $47,574
$40,000 $46,349 $48,598 $50,911 $53,290 $55,732 $58,237 $60,804 $63,432
$50,000 $57,936 $60,747 $63,639 $66,612 $69,665 $72,797 $76,005 $79,290
$60,000 $69,524 $72,896 $76,367 $79,935 $83,598 $87,356 $91,207 $95,149
$70,000 $81,111 $85,046 $89,095 $93,257 $97,531 $101,915 $106,408 $111,007
$80,000 $92,698 $97,195 $101,823 $106,580 $111,464 $116,474 $121,609 $126,865
$90,000 $104,286 $109,345 $114,551 $119,902 $125,397 $131,034 $136,810 $142,723
$100,000 $115,873 $121,494 $127,279 $133,225 $139,330 $145,593 $152,011 $158,581

Disclaimer: These charts provide an estimate only. Borrowers should consult with their student loan servicers for a more precise estimate of monthly loan payments and the total amount that will be repaid based on their actual loan balances.

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