Bank Name	Rates		Fees
	Immediate or Interest Only Repayment	Deferred until after School Repayment	Immediate or Interest Only Repayment	Deferred until after School Repayment
Bank of America1	As low as LIBOR plus 2.80%	As low as LIBOR plus 2.99%	As low as 0%	As low as 0%

1. Please note that interest rates and initial fees will vary based upon applicants credit, be sure to review your note for the actual rate you qualified for.

*All fees added and financed to principal loan amount

For current PRIME and LIBOR rates please CLICK HERE 

*LIBOR = London Interbank Offered Rate, a base index used in setting rates for U.S. capital markets. Rate used is the quarterly average of one-month LIBOR rates.

Option 2 Interest Only Repayment
You begin making interest-only payments 45 days after the disbursement of your loan. Principal and interest payments then begin 45 days after graduation.

Option 3 Deferred Principal and Interest Repayment
You defer payment of principal and interest for up to four consecutive years while enrolled in school. Your first principal and interest payments become due 6 months after you graduate. Any unpaid interest accrued during this period will be capitalized before you commence repayment.

Repayment terms vary between 10 and 25 years, depending on the cumulative amount borrowed; minimum monthly payment allowed is $50.00. There are no penalties for early repayment.

1. Please note that interest rates and initial fees will vary based upon applicants credit, be sure to review your note for the actual rate you qualified for.

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