Frequently Asked Questions - Student Loan Payments
What is the obligatory payment amount each year?
| If your loan balance is... | then the yearly amount you need to pay is... |
|---|---|
| under $1,000 | your whole loan balance. |
| over $1,000 and up to $15,000 | $1,000% |
| over $15,000.01 and up to $30,000 | $2,000 |
| over $30,000 | $3,000 |
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