The tables below each set forth three representative examples of rates and fees for applicants with different credit profiles. The tables should allow you to understand how much a loan might cost you. The actual rates and fees applicable to your loan may vary from these examples, depending on the school you attend, credit history, and repayment plan selected. For all APR examples, Origination Fees are added to the loan amount. The APR is a variable rate and may increase if one-month LIBOR increases. The addition of a co-signer may lower the rates and fees associated with your loan.
Co-signed
Assumptions:
A $25,000 loan amount and a constant one-month LIBOR rate of 2.598%. Principal and interest payments begin immediately after disbursement.
*APRs range from 5.65% to 10.66%
Single (no co-signer)
Assumptions:
A $25,000 loan amount and a constant one-month LIBOR rate of 2.598%. Principal and interest payments begin immediately after disbursement.
**APRs range from 6.21% to 11.71%
Co-signed
Assumptions:
A $25,000 loan amount and a constant one-month LIBOR rate of 2.598%. Principal and interest payments begin immediately after disbursement.
Margin |
Origination |
APR* |
Payment |
Repayment |
LIBOR+2.95% |
1.00% |
5.65% |
$155.78 |
300 |
LIBOR+4.20% |
1.75% |
6.99% |
$176.52 |
300 |
LIBOR+6.20% |
2.75% |
9.13% |
$212.03 |
300 |
Single (no co-signer)
Assumptions:
A $25,000 loan amount and a constant one-month LIBOR rate of 2.598%. Principal and interest payments begin immediately after disbursement.
Margin |
Origination |
APR** |
Payment |
Repayment |
LIBOR+3.45% |
1.50% |
6.21% |
$164.24 |
300 |
LIBOR+4.75% |
2.00% |
7.57% |
$185.93 |
300 |
LIBOR+6.50% |
3.00% |
9.47% |
$217.82 |
300 |