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Private Loan Repayment

Private loan repayment plans and incentives vary from lender to lender. You must contact your specific lender for repayment information. The promissory note you signed when applying for the loan outlines the terms specific to your loan and is a useful reference resource.

Interest Rate


Typically variable
Based on credit history, usually calculated using an index (Libor or Prime) plus a spread margin

Interest Payment

Accrued interest is either paid by the borrower or capitalized at repayment

Grace Period
Check with your lender

Repayment Plans

Standard, Graduated, other...
Income-based options likely are not available

Repayment Period


10 to 30 years (depends on lender)

Minimum Payment

Depends on lender



Depends on lender