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 |
$136 |
$91 |
240 |
| $40,000.00 |
$396 |
$242 |
$182 |
300 |
| $60,000.00 |
$594 |
$335 |
$273 |
360 |
| $80,000.00 |
$792 |
$447 |
$365 |
360 |
| $100,000.00 |
$989 |
$559 |
$456 |
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
|
