$30,000Student Loan: Monthly Payment & Total Cost
At the 2025 federal undergraduate rate of 6.53%, the standard 10-year monthly payment on $30,000 in student loans is $341.10. Total interest paid: $10,932.
Federal vs Private Student Loan Rates
| Loan Type | Rate | Monthly (10yr) | Total Interest |
|---|---|---|---|
| Federal Undergrad (Direct) | 6.53% | $341.10 | $10,932 |
| Federal Graduate (Direct) | 8.08% | $365.25 | $13,830 |
| Federal PLUS | 9.08% | $381.33 | $15,759 |
| Private — Excellent Credit | 4.5% | $310.92 | $7,310 |
| Private — Good Credit | 7% | $348.33 | $11,799 |
| Private — Fair Credit | 11% | $413.25 | $19,590 |
Extended Repayment Options (Federal Rate 6.53%)
| Term | Monthly Payment | Total Interest | Total Cost |
|---|---|---|---|
| 5 years | $587.41 | $5,244 | $35,244 |
| 10 years standard | $341.10 | $10,932 | $40,932 |
| 15 years | $261.83 | $17,129 | $47,129 |
| 20 years | $224.20 | $23,809 | $53,809 |