Financial Aid
ScholarshipsScholarship CalculatorImportant DatesFAQTuition and FeesLender OptionsGraduate Studies Tuition and FeesPerkins Exit InterviewStafford Exit InterviewHelpful LinksAdmissionExpected Family Contribution CalculatorValue of College Calculator
ScholarshipsScholarship CalculatorImportant DatesFAQTuition and FeesLender OptionsGraduate Studies Tuition and FeesPerkins Exit InterviewStafford Exit InterviewHelpful LinksAdmissionExpected Family Contribution CalculatorValue of College Calculator
Average Loan Indebtedness of RMC’s 2005-2006
GraduatesInterest rates in effect from 7/1/06-6/30/07
| Diploma Graduates | ||||||
| Loan Types |
Loan Indebtedness |
Interest Rates |
Number of Payments |
Monthly Payments |
Estimated Interest Charges |
Total Repaid |
|
Subsidized Stafford |
$5,310 $6,316 |
6.8 |
120 120 |
$61 $73 |
$2,023 $2,406 |
$7,333 $8,722 $14,716 $14,016 $1,662.99 |
| Associate Degree Graduates | ||||||
| Loan Types |
Loan Indebtedness |
Interest Rates |
Number of Payments |
Monthly Payments |
Estimated Interest Charges |
Total Repaid |
| Subsidized Stafford Unsubsidized Stafford PLUS Private Loan Perkins |
$5,897 |
6.8 8.5 |
120 120 120 180 52 |
$68 $77 $162 $92.51 $40 |
$2,247 $2,545 $6,370 $6,065 $211.06 |
$8,144 $9,226 $19,427 $16,651 $2,068.06 |
| BBA Graduates | ||||||
| Loan Types |
Loan Indebtedness |
Interest Rates |
Number of Payments |
Monthly Payments |
Estimated Interest Charges |
Total Repaid |
| Subsidized Stafford Unsubsidized Stafford PLUS Private Loan Perkins |
$13,506 $10,085 $12,973 $10,829 $2,096 |
6.8 8.5 |
120 120 120 180 60 |
$155 $116 $161 $95 $40 |
$5,145 $3,842 $6,329 $6,204 $273.68 |
$18,651 $13,927 $19,302 $17,033 $2,369.68 |
| BAS Graduates | ||||||
| Loan Types |
Loan Indebtedness |
Interest Rates |
Number of Payments |
Monthly Payments |
Estimated Interest Charges |
Total Repaid |
| Subsidized Stafford Unsubsidized Stafford PLUS Private Loan Perkins |
$14,507 $10,779 $13,878 $12,462 $2,584 |
6.8 6.8 8.5 6.55 5.0 |
120 120 120 180 76 |
$167 $124 $172 $109 $40 |
$5,527 |
$20,034 $14,885 $20,648 $19,602 $3,016.56 |
- These calculations are based on a standard repayment plan. Student can discuss other repayment options with their lender/servicer for the Stafford and Plus loans. The Perkins loan must be repaid to Robert Morris College.
- Students can decrease their interest charges by increasing their monthly payments. Interest rates for the Stafford and Plus loans are recalculated by July 1 of every year.
- These averages represent principal only and do not include any accrued interest charges.
