Student Loan Repayment Examples

Continuing Education Loans Repayment Example

 

These are examples of current program offerings based on student-only borrowers with excellent credit attending a four-year school and are subject to change. The interest rates used above are based on the Prime Rate. The current index is 5.00%, based on the value of the Prime Rate from the first business day of June of 2008. The interest rate and payments are variable and adjusted quarterly. The interest rate and APR will increase or decrease during the life of the loan if the Prime Rate Index increases or decreases. Using a qualified cosigner may reduce the interest rate by 0.50% from the rates above.

The margins can vary from 0.50% to 9.0% and the origination fees can vary from 0.0% to 4.99%, based on school type and borrower and cosigner (if applicable) creditworthiness.