The following examples depict the lowest APR, and the lowest monthly payment amount during the life of a $10,000 private loan with a single disbursement. There are no application or origination fees, and no prepayment penalties.

Variable APR: Annual Percentage Rate [APR] is the cost of credit calculating the interest rate, loan amount, repayment term and the timing of payments. Variable rates are based on the one-month London Interbank Offered Rate ("LIBOR") published in The Wall Street Journal on the twenty-fifth day, or the next business day, of the preceding calendar month. As of March 1, 2018, the one-month LIBOR rate is 1.65%. Variable interest rates range from 3.23% - 7.01% (3.23% - 7.01% APR) and will fluctuate over the term of the borrower's loan with changes in the LIBOR rate, and will vary based on applicable terms, level of degree earned and presence of a co-signer. The maximum variable rate on the student refinance loan is 9.00% for 5-year and 8-year terms, and 10.00% for 12-year and 15-year terms. The floor rate is 2.00%. These rates are subject to additional terms and conditions, and rates are subject to change at any time without notice. Such changes will only apply to applications taken after the effective date of change.

Variable APRs and amounts subject to increase or decrease. Variable rates are indexed to the one-month LIBOR rate and assume a one-month LIBOR rate of 1.65%.

Your actual interest rate may be different than the student loan interest rates in these examples and will be based on term of loan, your financial history, and other factors, including your cosigner's (if any) financial history. State restrictions may apply.


Terms Origination Fee Lowest APR No. of Monthly Payments Estimated Principal & Interest Payments
5 years None 3.50% 60 $182
8 years None 4.29% 96 $123
12 years None 4.72% 144 $91
15 years None 5.19% 180 $80


Terms Origination Fee Lowest APR No. of Monthly Payments Estimated Principal & Interest Payments
5 years None 3.23% 60 $181
8 years None 4.02% 96 $122
12 years None 4.45% 144 $90
15 years None 4.92% 180 $79

Student Loan Refinancing variable rate loans for 5 and 8 year loan terms are capped at 9.00% APR and 12 and 15 Year terms are capped at 10.00% APR.

Rates in this table reflect prices as of 3/1/2018.

We're here to help

Our staff works hard to make this process easy and understandable. Contact us by phone at 1-800-349-3938
or by email at
or our LiveChat!