Constant Multiplier and Other Charts

The constant multiplier is a factor that allows you to estimate your monthly payment under each
Direct Loan repayment plan. Because the constant multiplier is calculated on the basis of an annual
interest rate, it will change as the interest rate on your loan changes.

Instructions for using the Constant Multiplier Charts:

1. Determine the current interest rate on your Direct Loan. (If your loan has a lower interest
rate during in-school, grace, and deferment periods than during repayment, make sure you are
using the rate that applies during periods in which you are required to make payments.) If you
do not know the interest rate, you can obtain the information by calling the Servicing Center.
2. Select the repayment plan for which you want to calculate your estimated monthly payment.
3. On the chart for that repayment plan (beginning below), find your interest rate. If your exact
interest rate is not listed, choose the next highest rate. (For example, if the current rate were
7.62 percent you would select 7.75 percent). You’ll find your constant multiplier in the cell
below your interest rate.
4. If you are calculating an estimated monthly payment for the Extended Repayment Plan, find the
row on that chart that corresponds to the repayment period on your loan. (See page 6.) You
will find your constant multiplier in the cell where the Interest Rate and the Repayment
Period row cross.

Charts E and F are used in calculating your payment amount under the Income Contingent Repayment Plan.

CHART A: STANDARD REPAYMENT PLAN

Interest Rate 7.00% 7.25% 7.46% 7.50% 7.75% 8.00% 8.25% 8.38% 8.50% 8.75% 9.00%
Constant
Multiplier .0116108 .0117401 .0118493 .0118702 .0120011 .0121328 .0122653 .0123345 .0123986 .0125327 .0126676