Contact Info / Hours

Phone: 732.906.2520
Fax: 732.906.4686
Email: Faid@middlesexcc.edu
Location: West Hall

Office Hours:
Mon & Thur: 8:30am – 6:30pm
Tues, Wed & Fri:
8:30am – 4:30pm

Closed:

November 10
November 24, 25
December 25, 26
 Contact Info / Hours

Phone: 732.906.2520
Fax: 732.906.4686
Email: Faid@middlesexcc.edu
Location: West Hall

Office Hours:
Mon & Thur: 8:30am – 6:30pm
Tues, Wed & Fri:
8:30am – 4:30pm

Closed:

November 10
November 24, 25
December 25, 26

5 and 10 Year Subsidized Loan

Sample Direct Subsidized Loan Repayment Schedule

Loan Amount : $3,500
Term of the Loan : 5 years
Interest Rate : 4.29%

Calculation Results

Monthly Loan Payments : $64.92
Total Interest Paid : $395.01

Year Loan Balance Yearly Interest Paid Yearly Principal Paid Total Interest Paid
2016 $2,858.63 $137.64 $641.36 $137.64
2017 $2,189.21 $109.57 $669.42 $247.21
2018 $1,490.49 $80.28 $698.70 $327.50
2019 $761.20 $49.71 $729.29 $377.21
2020 $0.00 $20.75 $761.23 $395.01

Loan Amount : $10,500
Term of the Loan : 10 years
Interest Rate : 4.29%

Calculation Results

Monthly Loan Payments : $107.76
Total Interest Paid $2431.27

Year Loan Balance Yearly Interest Paid Yearly Principal Paid Total Interest Paid
2016 $9640.56 $433.69 $789.22 $433.68
2017 $8743.51 $396.07 $897.06 $829.76
2018 $7807.21 $356.82 $936.31 $1186.59
2019 $6829.94 $315.85 $977.28 $1502.45
2020 $6746.20 $273.11 $1020.01 $1775.55
2021 $5809.92 $228.47 $1064.65 $2004.03
2022 $4745.22 $181.89 $1020.01 $1775.55
2023 $3634.03 $123.27 $1159.68 $2319.19
2024 $1263.57 $82.52 $1210.62 $2401.71
2025 $0.00 $40.25 $2007.19 $2431.27