Loan Indebtedness

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Loan Indebtedness

Average Loan Indebtedness of RMU’s 2007-2008 Graduates

Interest rates in effect from 7/1/07-6/30/08

Diploma Graduates
Loan Types	Loan Indebtedness	Interest Rates	Number of Payments	Monthly Payment	Estimated Interest Charges	Total Repaid
Subsidized Unsubsidized PLUS Private Loan Perkins	$4,075 $4,394 $11,094 $8,300 $2,286	6.8 6.8 8.5 6.55 5.0	120 120 120 180 42	$58 $67 $50 $50	$1,913 $2,232 $822 $230	$6,935 $8,091 $4,156 $2,405

Associate Degree Graduates
Loan Types	Loan Indebtedness	Interest Rates	Number of Payments	Monthly Payment	Estimated Interest Charges	Total Repaid
Subsidized Unsubsidized PLUS Private Loan Perkins	$6,493 $7,266 $15,272 $15,498 $2,769	6.8 6.8 8.5 6.55 5.0	120 120 120 180 52	$69 $81 $197 $118 $50	$2,279 $2,679 $7,769 $7,755 $243	$8,260 $9,711 $23,695 $21,291 $2,476

BBA Graduates
Loan Types	Loan Indebtedness	Interest Rates	Number of Payments	Monthly Payment	Estimated Interest Charges	Total Repaid
Subsidized Unsubsidized PLUS Private Loan Perkins	$13,982 $12,383 $16,248 $4,959 $539	6.8 6.8 8.5 6.55 5.0	120 120 120 180 60	$153 $135 $199 $111 $50	$5,049 $4,460 $7,824 $7,301 $259	$18,302 $16,180 $23,862 $20,044 $2,560

BAS Graduates
Loan Types	Loan Indebtedness	Interest Rates	Number of Payments	Monthly Payments	Estimated Interest Charges	Total Repaid
Subsidized Unsubsidized PLUS Private Loan Perkins	$14,715 $12,269 $21,873 $58,143 $17,526	6.8 6.8 8.5 6.55 5.0	120 120 120 180 76	$171 $143 $192 $110 $50	$5,675 $4,721 $7,553 $7,181 $625	$20,571 $17,112 $23,036 $19,714 $4,071

Masters Degree Graduates
Loan Types	Loan Indebtedness	Interest Rates	Number of Payments	Monthly Payment	Estimated Interest Charges	Total Repaid
Subsidized Unsubsidized	$14,819 $8,800	6.8 6.8	120 120	$87 $104	$2,889 $3,443	$10,472 $12,481

These calculations are based on a standard repayment plan. Student can discuss other repayment options with their lender/servicer for the Subsidized, Unsubsidized and Plus loans. The Perkins loan must be repaid to Robert Morris University.

Students can decrease their interest charges by increasing their monthly payments.

These averages represent principal only and do not include any accrued interest charges.