Elementary & Secondary Loan > Repayment Terms

Repayment Terms

  • Repayment begins immediately after loan disbursement
  • Take up to 20 years to repay*
  • No prepayment penalties
  • Minimum monthly payment as low as $25*
*See Repayment Examples below for important details.

Repayment Examples

Repayment examples contain helpful data providing you with important information about the details of your loan, fees (if any), and monthly payments. Repayment examples also show you how the Annual Percentage Rate (APR) is derived. The APR is a measure of what a loan will cost. It takes into account the interest rate, fees, length of the loan, and the timing of all payments.

Select the loan amount that best reflects your expected needs to view repayment examples for the K-12 loans.

Rate: LIBOR Index Prime Rate