Another way to manage your student loan debt is to keep track of your repayment schedule to ensure you don't borrow more than what you can handle. When it is time to begin making payments, there are several repayment options that you may be able to choose from depending on your lender and loan program.

• Standard Repayment Schedule

A standard repayment schedule is based on the original payment agreement. Under this repayment option, the borrower pays the same amount each month throughout the entire repayment period (amount may be adjusted to reflect variable interest rates). Typically, the repayment schedule is 10 years with a minimum payment of $50. The standard repayment schedule allows you to pay less interest than the other repayment programs described in this section. Click here to calculate your student loan repayment amount.

Standard Repayment Schedule*
Loan Debt	Monthly Payments	Number of Payments	Total Amount Paid
$  2,000	$  50	46	$ 2,275
$  5,000	$  58	120	$ 6,905
$10,000	$112	120	$13,810
$15,000	$173	120	$20,714
$20,000	$230	120	$27,619
* Based on 6.8% interest rate