Closely reviewing this APR Examples chart will help understand the typical monthly payments of student loans as they are affected by different rates, fees and repayment schedules. We recommend entering these numbers in our student loan calculator, to test different loan scenarios as they relate to your financial situation.
Examples below are based on a $12,000 loan with 6% origination fee which is added to the loan. The term of the loan is 15 years and the Prime Rate Index is 8.25%.
Please note: this tool has been made available for your convenience and should be used as an example only. Actual rates and amounts provided by participating lenders may vary.