Payment plan
InterestIn school payments
Make interest payments while in school. Defer payments on the principal until six months after school, at which time your monthly payment will increase.
BenefitYou may get a better Interest Rate and pay off the loan more quickly. This option typically saves the most on the Total Loan Cost.
$25 monthlyIn school payments
Pay $25 each month while in school and for 6 months after school. At that time unpaid interest will be added to the principal amount and you monthly payment will increase.
BenefitFixed payments help reduce the amount of interest that accrues and save on the Total Loan Cost.
DeferredNo payments while in school
Make no payments until 6 months after school. At that time, unpaid interest will be added to the principal amount and your repayment term will begin.
BenefitNo payments are required during school, though you have the option to make payments if you wish.
Type of interest
Fixed Interest Rate | 11.875% |
In school payment | $98.96 |
Post-school payment | $162.90 |
Principal & interest repayment period | 96 months |
Total Loan Cost | $19,382.79 |
Variable Interest Rate | 10.125% |
In school payment | $84.38 |
Post-school payment | $153.25 |
Principal & interest repayment period | 96 months |
Total Loan Cost | $17,907.16 |
Fixed Interest Rate | 12.375% |
In school payment | $25.00 |
Post-school payment | $173.53 |
Principal & interest repayment period | 144 months |
Total Loan Cost | $25,956.48 |
Variable Interest Rate | 10.625% |
In school payment | $25.00 |
Post-school payment | $152.99 |
Principal & interest repayment period | 144 months |
Total Loan Cost | $23,007.81 |
Fixed Interest Rate | 12.875% |
In school payment | $0.00 |
Post-school payment | $193.39 |
Principal & interest repayment period | 144 months |
Total Loan Cost | $27,809.01 |
Variable Interest Rate | 11.125% |
In school payment | $0.00 |
Post-school payment | $171.30 |
Principal & interest repayment period | 144 months |
Total Loan Cost | $24.638.73 |