$10,000Student Loan: Monthly Payment & Total Cost
At the 2025 federal undergraduate rate of 6.53%, the standard 10-year monthly payment on $10,000 in student loans is $113.70. Total interest paid: $3,644.
Federal vs Private Student Loan Rates
| Loan Type | Rate | Monthly (10yr) | Total Interest |
|---|---|---|---|
| Federal Undergrad (Direct) | 6.53% | $113.70 | $3,644 |
| Federal Graduate (Direct) | 8.08% | $121.75 | $4,610 |
| Federal PLUS | 9.08% | $127.11 | $5,253 |
| Private — Excellent Credit | 4.5% | $103.64 | $2,437 |
| Private — Good Credit | 7% | $116.11 | $3,933 |
| Private — Fair Credit | 11% | $137.75 | $6,530 |
Extended Repayment Options (Federal Rate 6.53%)
| Term | Monthly Payment | Total Interest | Total Cost |
|---|---|---|---|
| 5 years | $195.80 | $1,748 | $11,748 |
| 10 years standard | $113.70 | $3,644 | $13,644 |
| 15 years | $87.28 | $5,710 | $15,710 |
| 20 years | $74.73 | $7,936 | $17,936 |