*Annual percentage rate (APR) as of April 1, 2025, assumes a $10,000 loan, 0% origination fee, principal and interest repayment term of 10, 15 or 20 years with deferred principal and interest payments for 57 months with a $15.00 monthly payment during deferral:

10, 15, 20-year variable-rate loans with an initial rate of 6.30%, 6.55%, 6.80%, respectively. The interest rate is the sum of the initial margin (2.00%, 2.25%, and 2.50% respectively) added to the index, which is based on the three-month term SOFR. The index, margin, and interest rate may all change quarterly. There is no maximum rate; however, the interest rate will not increase more than 3% during any 12-month period.

10, 15, and 20-year fixed-rate loans with rates of 5.95%, 6.20%, and 6.45%, respectively.

While enrolled during any School or Transition Period, you must make monthly payments of at least $15.00. The $15.00 monthly payments while enrolled may not be enough to fully pay the interest that will accrue while you're in the School or Transition Periods. If the interest that accrues each month is more than $15.00, the amount of interest that is not paid will be added to your loan balance. Your loan balance may therefore increase even though you are making the required payments, which is called negative amortization. Because of the negative amortization, your loan will have a larger principal balance at the start of the principal and interest repayment period than the amount that you originally borrowed.