Continuing Education Loan > Repayment Terms

Repayment Terms

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

Deferring Principal and Interest Payments During School

  • If you are in a certificate or degree granting program, you will make no payment until the earliest of:
    • Two years after first loan disbursement,
    • Six months after graduation, or
    • Six months after enrollment has ended
  • If you are in a non-degree or non-certificate program, you will make no payment until the earlier of:
  • 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 Continuing Education loans.

    Rate: LIBOR Index Prime Rate