Parent Plus Loan Refinancing
Rates & Terms

The following examples depict the APR, monthly payment and total payments during the life of a $10,000 private loan with a single disbursement.* All rates below are shown with the Autopay Discount (0.25%). There are no application or origination fees, and no prepayment penalties.

For variable rate loans, the one-month LIBOR index is currently 0.78% and may change monthly. Changes in the LIBOR index may cause your monthly payment to increase. 5, 7, and 10 Year terms are capped at 8.95% APR, 15 Year terms are capped at 9.95% APR to the extent permitted under law.

Your actual interest rate may be different than the 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.

Fixed Rate Loans

Terms Rate Repayment
APR
No. of
Payments
Monthly
Payment
Total
Payments
5 Year 3.375% – 5.990% 3.375% – 5.990% 60 $181.36 – $193.28 $10,881.60 – $11,596.80
7 Year 4.000% – 6.490% 4.000% – 6.490% 84 $136.69 – $148.45 $11,481.96 – $12,469.80
10 Year 4.490% – 6.740% 4.490% – 6.740% 120 $103.59 – $114.77 $12,430.80 – $13,772.40
15 Year 5.000% – 6.740% 5.000% – 6.740% 180 $79.08 – $88.44 $14,234.40 – $15,919.20

Variable Rate Loans

Terms Rate Repayment
APR
No. of
Payments
Monthly
Payment
Total
Payments
5 Year 2.355% – 5.280% 2.355% – 5.280% 60 $176.83 – $190.00 $10,609.80 – $11,400.00
7 Year 2.655% – 5.405% 2.655% – 5.405% 84 $130.58 – $143.25 $10,968.72 – $12,033.00
10 Year 3.155% – 5.655% 3.155% – 5.655% 120 $97.28 – $109.30 $11,673.60 – $13,116.00
15 Year 3.530% – 6.030% 3.530% – 6.030% 180 $71.64 – $84.55 $12,895.20 – $15,219.00

Parent Plus Refinancing variable rate loans for 5, 7 and 10 Year terms are capped at 8.95% APR, 15 Year terms are capped at 9.95% APR.
Rates in this table reflect prices as of 2/1/17.

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