¹ Repayment terms offered may vary based on the creditworthiness of the applicants.

²To qualify, simply arrange with your loan servicer to automatically deduct monthly principal and interest payments from a bank account. The automatic payment benefit will discontinue and be lost for the remaining repayment period in the event any three payments are returned for insufficient funds over the life of the loan. This benefit may be terminated during forbearance periods.

³The Current Interest Rates used in this estimate are in effect as of  . Interest rates in the prepGATE Loan program are variable. The applicable interest rate for each calendar quarter shall be based on the average of the one-month London Interbank Offered Rate ("LIBOR") published in the "Money Rates" section of The Wall Street Journal (Eastern Edition) on the 1st day of each of the three previous calendar months, or the next business day thereafter, rounded to the nearest 1/100th percent (.01%). The variable interest rate and Annual Percentage Rate (APR) may be higher depending upon the applicant's and cosigner's credit history and will increase or decrease if the one-month LIBOR index changes. The LIBOR index in effect for the current calendar quarter is  . The interest rate for each calendar quarter is calculated by adding the quarterly LIBOR index (as described above) to a margin. Margins currently range from   to   depending on your or your cosigner's credit history and the repayment option and term selected.

⁴For full repayment examples, use the "Compare Options" tool on this page.

⁵The examples calculated in this repayment tool use interest rates currently in effect and assume that the loan has two disbursements and both disbursements are made. Your actual loan details may vary from this estimate based on the final options you select and the interest rates in effect at the time your loan application is submitted. ALL EXAMPLES GIVEN IN THE COMPARE OPTION TOOL ARE ESTIMATES. The loan terms described are subject to change.

⁶These examples assume a loan amount requested of $10,000. The minimum loan amount is $2,000. The maximum annual loan amount is the cost of attendance less other financial aid as certified by the school or $30,000, whichever is less.

⁷The Annual Percentage Rate (APR) is the measure of what a loan will cost. It takes into account the rate, fees, length of the loan and the timing of all payments. The APR will increase/decrease if the LIBOR index increases/decreases, as described in footnote 1.

⁸Origination fees range from   to  , depending on the repayment term chosen by the applicants. Repayment terms offered may vary based on the creditworthiness of the applicants.

⁹The Monthly Payment during Repayment is the combined principal and interest payment amount. The first year of principal and interest repayment has the same monthly payment each month. After the first year of principal and interest payments, monthly payment amounts are recalculated once each year and reset annually on the anniversary of your most recent repayment start date so as to pay the loan in full over the remaining repayment period. Each year, your monthly payment may go up or down, depending on whether the LIBOR index moved up or down during the 12 months before the change is made. Your monthly payment amount may also be recalculated (a) after any deferment or forbearance period, (b) after you ask the servicer to change the monthly payment due date or (c) if the minimum monthly payment is not enough to cover the interest accrued during that month. Minimum monthly payments of the loan's combined principal and interest will be at least $50.

¹⁰The Repayment Period is the number of months of full principal and interest payments to be made on the loans.

¹¹The Estimated Total of Payments is the estimated amount you will have paid when you have made all payments.