|
Repayment Options
Level: Fixed monthly payment over the life of the loan.
Graduated: Monthly payments start low and gradually increase at specified levels.
| Unconsolidated |
Consolidated |
| Loan Amount |
Current
Payments |
Level |
Graduated
(1st 2 Years) |
Months |
| $20,000.00 |
$198 |
$116 |
$60 |
240 |
| $40,000.00 |
$396 |
$201 |
$119 |
300 |
| $60,000.00 |
$594 |
$270 |
$179 |
360 |
| $80,000.00 |
$792 |
$360 |
$238 |
360 |
| $100,000.00 |
$989 |
$450 |
$289 |
360 |
(Based on 3.50%. Your actual payment reduction and interest rate may differ.)
Repayment Schedule
| Loan Balance |
Term |
Payments
|
| $10,000 - $19,999 |
15 Years |
180 monthly payments
|
| $20,000 - $39,999 |
20 Years |
240 monthly payments
|
| $40,000 - $59,999 |
25 Years |
300 monthly payments
|
| $60,000 and Up |
30 Years |
360 monthly payments
|
|
