The University of Mississippi
The University of Mississippi Financial  Aid

Sample Loan Repayment Disclosure Information

 

Principal 

Interest Rate

Standard Repayment Term

Interest

End Balance

Direct Subsidized Loan (Undergraduate)

$5500

4.5% 

120 months ($57/month)

$1,340.17

$6,840.17

Direct Unsubsidized Loan (Undergraduate)

$5500

6.8%

120 months ($63.29/month)       

$2,095.52

$7,595.52

Direct PLUS

$10,000

7.9%

120 months ($120.80/month)

$4,495.97

$14,495.97

Direct Subsidized Loan (Graduate/Professional)

$8500 

6.8%

120 months ($97.82/month)       

$3,238.11

$11,738.11

Direct Unsubsidized Loan (Graduate Professional)

$12,000

6.8% 

120 months ($138.10/month)

$4,571.38

$16,571.38

Direct Grad PLUS Loan

$10,000

7.9%

120 months ($120.80/month)

$4,495.97

$14,495.97

Health Profession Student Loan

$2000
 

$8000 

5.0%


5.0%

57 months ($40/month)

120 months ($84.85/month)       

$247.38


$2,182.38

$2,247.38

 

 

$10,182.38

Perkins Loan

$2000

 

 

$8000 

5.0% 

 

 

5.0% 

57 months

($40/month)


120 months ($84.45/month)       

$247.38

 

 

$2,182.38

$2,247.38

 

 

$10,182.38

JR Johnson Loan

$2000 

 

 

$8000 

4.0%

 

 

4.0%

55 months ($40/month) 



120 months ($81/month) 

$429.86

 


$1,719.43

$2,429.86

 


$9,719.43

McKinstry Loan

$2000 

 

 

$8000 

5.0%

 

 

5.0%

57 months ($40/month)



120 months ($84.45/month)       

$247.38

 


$2,182.38

2,247.38

 


$10,182.38

Scribner Loan

$2000 

 

 

$8000 

1.0% 

 

 

1.0% 

52 months ($40/month)



120 months ($70.08/month)       

$102.50

 


$410.02

$2,102.50

 


$8,410.02

LuckyDay (if converted to loan)

$2000

 

 

$8000 

1.0%

 

 

1.0%

52 months ($40/month)



120 months ($70.08/month)

$102.50

 


$410.02

$2,102.50

 


$8,410.02

Noyce Loan

$2000

 

 

$8000 

3.0%

 

 

3.0%

21 months ($100/month)



90 months ($100.00/month)

$54.35

 


$936.51

$2,054.35

 


$8,936.51