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Student Loan Network
Private Student Loan
Cost Index
97-183
What is the Cost Index?
Student Loan Description
Fill the gap between federal aid and the true cost of an education. Our private loan can be used to cover additional educational expenses including tuition, books, room and board, and supplies. Other benefits:
* Funds sent directly to the applicant, approval decision within minutes
Borrowers can also release their co-signer after 48 on-time payments. Apply online today and let our dedicated team of loan counselors guide you through the entire process, step by step.
Student Loan Overview
Type
Private
As Low As
Up To
Cost Index
97
183
Amount Received
$10,000
Change Amount
Interest Rate
3.02%
1-Month LIBOR +
2.5%
9.77%
1-Month LIBOR +
9.25%
Payment Details
As Low As
Up To
In-School / Grace Interest Payments
—
Monthly Payment
$108
$204
# of Payments
118
117
Final Payment
$39
$186
Total Paid
$12,784
$24,020
Borrower Benefits
Cash Back at Graduation ($)
Upon graduating, you receive a reduction of
$300
of your principal
Auto-Debit
Interest Rate Reduction of
0.25%
Additional Information
Minimum Payment
$0
As Low As
Up To
Repayment Fee
0%
6.5%
Application Fee
—
Origination Fee
—
Federal Default Fee
—
In-school Period
52 months
Change
Grace Period
6 months
Pay Interest During In-School and Grace Periods
Change
Subsidized
Change
Interest Capitalizes before repayment
At repayment
24/7 Application Processing
Benefits Lost if Loan Sold
Co-signer Required
Sometimes
Online Application
Benefit Recovery Clause
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Loan Inputs
Loan Amount Needed
Loan Disbursal Date
January
February
March
April
May
June
July
August
September
October
November
December
2009
2010
2011
Graduation Date
January
February
March
April
May
June
July
August
September
October
November
December
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
Grace Period
0
1
2
3
4
5
6
7
8
9
10
11
12
months
Make Interest Payments while in school