The following examples illustrate three hypothetical first year single disbursement in the amount of $10,000 including (i) the Annual Percentage Rate (APR), (ii) estimated monthly payments, and (iii) total cost during the life of the private loan. Variable rate loans are based on a margin plus the 1-Month London Interbank Offered Rate (LIBOR) rounded to the nearest 1/100th of a percent. The current LIBOR is 0.173% which may adjust monthly. Your actual student loan interest rate may be different than what is shown in the examples below and will be based on your credit history, selected repayment option, and other factors. For Deferred Repayment options, eligibility for an automatic payment discount requires a minimum payment of $1 (See Terms & Conditions).