Loan Balance:
Interest Rate:
Loan Fees:
Loan Term (Years):
Minimum Payment:

The loan balance is the amount to be disbursed after fees are deducted.

The most popular loans are the Federal Stafford loan with a 6.8% fixed interest rate, the Federal PLUS loan with a 7.9% fixed rate and the Federal Perkins loan with a 5.0% fixed rate. These loans have a 10-year repayment term, which may be extended based on the amount borrowed.

The Stafford and PLUS loans have a $50 minimum monthly payment while the Perkins loan has a $40 minimum.