PRIVATE STUDENT LOANS

Student Loan Rates

Rates shown below are in effect as of July 1, 2018, and may be subject to change at any time.

The examples below show how the choice of a different repayment plan affects the total estimated amount paid on a cosigned $10,000 loan with a 10 year repayment term. Because this Private Student Loan is a variable rate loan, we are showing both the lowest and highest rates available at this time.

Questions? Please call us at 866-272-0433.

This is only an example. The rate on your loan will be determined based on your (and your cosigner’s) credit review and the loan options you choose. Not every applicant is eligible for every loan option.

Repayment Examples1


  1. Your actual loan details may vary from this estimate based on the final terms you select and the interest rates in effect at the time your loan is approved. The loan terms described are for the 2018 -2019 academic year and are subject to change
  2. The Current Interest Rate used in this estimate and in effect as of 7/1/2018 ranges from 5.39% to 11.78% based on the credit review and repayment option. The current interest rate is equal to the LIBOR index plus a margin. The current interest rate shown in the estimate will increase/decrease during the life of the loan if the LIBOR index increases/decreases. The LIBOR Index for each calendar quarter equals the average of the one-month LIBOR rates published in The Wall Street Journal on the first business day of each of the three (3) calendar months immediately preceding each quarterly change date.
  3. The Annual Percentage Rate (APR) is the measure of what a loan will cost. It takes into account the rate, fees, length of the loan and the timing of all payments. The APR will increase/decrease if the LIBOR index increases/decreases.
  4. No Origination Fee.
  5. The Monthly Payment while in School is the payment that will be made while in school.
  6. The Monthly Payment during Repayment is the combined principal and interest payment amount following deferment (if any). The first year of principal and interest repayment is a fixed monthly amount. After the first year of principal and interest payments, monthly payment amounts are recalculated once each year and reset annually on the anniversary of your most recent repayment start date so as to pay the loan in full over the remaining repayment period. The monthly payment amount shown in the estimate will increase/decrease if the interest rate increases/decreases and will be computed based on the interest rate applicable at the time repayment begins. Minimum monthly payments of the loan’s combined principal and interest will be at least $50.
  7. The Deferment Period shown in the Deferred example is 45 months, plus a 6-month grace period. The maximum deferment period is 54 months, plus a 6-month grace period. The Immediate Repayment option has no deferment period. If you elect the Immediate Repayment option, the first payment of principal and interest will be due approximately 30-60 calendar days after the final disbursement date.
  8. The Estimated Total Amount Paid is the sum of the Amount Requested, the Origination Fee and all accrued interest during the life of the loan. The Estimated Total Amount Paid assumes payments are made by the borrower on time and the borrower does not pre-pay any portion of the loan.