Assumptions: Original Loan Balance of $10,000 borrowed in the first year of school. A standard 10-year repayment example with the borrower remaining in school through the expected graduation date. No grace period has been applied. For fully deferred loan products, the payments are based on an in-school deferment period of 48 months for an undergraduate student and 24 months for a graduate student. Each loan program may have different loan terms and loan limits available but $10,000 and 10 years are assumed for these examples.

Projected monthly costs and projected total costs are calculated based on the rate as of this posting and variable rates may change which will alter the monthly and total costs. Fixed rate loans are determined at the time of application approval and will remain the same for the life of the loan. Variable interest rates are determined by either a prime lending rate or Libor index and a fixed margin rate. The variable index rate may change on a monthly or quarterly basis, while the fixed margin rate does not change and is typically based on the credit history of the borrower and cosigner when the loan was made. Borrower benefits are not calculated in these examples and the calculations are estimates only. Borrower benefits may reduce the monthly and total cost of your loans. Reach out to your lender to see how to take advantageous of any borrower benefits.

Terms and conditions apply on all loans and rates are subject to change. Reach out to the lender for specific details of the loan program.