The tables below compare student loans- each set forth three representative examples of rates and fees for applicants with different credit profiles.  The tables should allow you to understand how much a loan might cost you.  When you compare student loans you can see that the actual rates and fees applicable to your loan may vary from these examples, depending on the school you attend, credit history, and repayment plan selected.  For all APR examples, Origination Fees are added to the loan amount.  The APR is a variable rate and may increase if the Prime Rate increases.  The addition of a co-signer may lower the rates and fees associated with your loan.

Co-signed

Assumptions:

A $10,000 loan amount borrowed freshman year, disbursed in two $5,000 increments 90-days apart, and a constant Prime Rate of 8.25%.  Principal and interest payments begin after the In-School Deferment and Grace periods end.

Single (no co-signer)

Assumptions:

A $10,000 loan amount borrowed freshman year, disbursed in two increments 90-days apart of $5,000 each, and a constant Prime Rate of 8.25%.  Principal and interest payments begin after the In-School Deferment and Grace periods end.