MIT Student Financial Services Loans


Under a Standard 10-Year Repayment Plan

The following are sample monthly loan repayments under a standard 10-year repayment plan. Standard repayment is the one in which a borrower pays the least interest overall

The chart displays repayments at four typical interest rates - 3.4%, 5.0%, 6.8% and 7.0% for loan amounts in $5,000 increments up to $30,000. For example, if a student borrows $20,000 at 6.8%, the payment for principal and interest is $230 a month for 10 years.

Loan Amount 3.4% 5.0% 6.8% 7.0%
$5,000 $50 $53 $58 $58
$10,000 $98 $106 $115 $116
$15,000 $148 $159 $173 $174
$20,000 $197 $212 $230 $232
$25,000 $246 $265 $288 $290
$30,000 $295 $318 $345 $348
Important Sites

Loan exit counseling
If you borrowed a Federal Direct Stafford Loan, Federal Perkins Loan or Federal Direct Graduate PLUS Loan, you are required by federal law and MIT policy complete an exit interview online before graduation. If you borrowed an MIT Technology Loan, contact your loan counselor to schedule an exit interview. Required reading: the SFS loan exit counseling guide.

Loan entrance counseling
For Federal Direct Loans visit to complete loan entrance counseling and sign a master promissory note. For Federal Perkins Loans visit iPROMise to complete loan counseling and sign a master promissory note.

Campus Partners
Campus Partners handles billing and payment for Federal Perkins Loans and MIT Technology Loans. handles billing and payment for Federal Direct Loans and Graduate PLUS Loans.

Loan payment calculator

Estimate your loan payments.

Compare loans

These two printable charts can help you compare loans available to undergraduates and their families, and loans available to graduate students.

View Undergraduate loans

View Graduate loans