Refinance Student Loans Rates & Terms

Variable Rate Loans

The following tables illustrate the estimated annual percentage rate (APR), monthly payment, and total payment for a $10,000 loan with a 15 year loan term. All rates below are shown with the Autopay Discount (0.25%)3. There are no application or origination fees, and no prepayment penalties.

Regular Repayment Plan

The Regular Repayment Plan maintains one consistent payment structure over the loan term. This plan provides the least amount of interest accrual over the life of the loan.

Here is an example of a borrower with a $10,000 loan balance on a Regular Repayment Plan:

Term APR
with autopay*
Estimated Monthly Payment* Estimated Total Payment
15 Year
180 payments
3.77% – 9.77% $72.82 – $106.06 $13,107.87 – $19,090.41
Data in table reflects rates as of 5/26/2017.

Graduated Repayment Plan

The Graduated Repayment Plan is designed to allow the borrower to pay only the interest for the first four years and then a regular repayment schedule for the remaining term. This plan results in higher interest costs than the Regular Repayment Plan over the life of the loan.

Here is an example of a borrower with a $10,000 loan balance on a Graduated Repayment Plan:

Term APR
with autopay3
Repayment Phase Number of Payments Estimated Monthly Payment* Estimated Total Payment
15 Year
180 payments
3.77% – 9.77% Interest Only Months 1 – 48 $50.00 – $81.42 $13,456.22 – $20,262.92
Full Repayment Months 49 – 180 $83.76 – $123.90
Data in table reflects rates as of 5/26/2017.

How is my loan payment calculated?

The monthly payment for your loan and the rate by which it’s calculated is dependent on a number of factors, including the term length and whether your loan is a variable or fixed rate, depending on what options are offered to you. Interest rates for fixed rate loans do not change throughout the loan term, while interest rates for variable rate loans may fluctuate up or down with a market index which will affect your monthly payment amount due. CommonWealth One FCU does not charge any application or origination fees, and there are no prepayment penalties. Additionally, your rate may be reduced by 0.25% rate if you enroll in autopay*.