Longer terms will typically result in lower monthly payments but at a higher interest rate.Borrowers may select any term offered by a lender regardless of the current loan term.Fixed-rate loans often have higher rates than the introductory rates on variable loans.However, borrowers have peace of mind knowing their monthly payments will always be the same amount.
Unless indicated otherwise, values shown are over the lifetime of the loan.
Often, the introductory rate on a variable-rate loan is lower than that of a fixed rate loan, though it has the potential to increase later.
Learn more A fixed-rate student loan guarantees a single interest rate that does not change over the lifetime of the loan.
The rates and terms listed on our website are estimates and are subject to change at any time.
Please do your homework and let us know if you have any questions or concerns.
Learn more A "soft" credit check allows a lender to check the applicant's credit and provide the applicant with an estimated interest rate without affecting their credit score.