Refinance Student Loans Rates & Terms1View Rates and Terms

Variable Rate2View Rates and Terms Loans

The following tables illustrate the estimated annual percentage rate (APR), monthly payment, and total payment for a $10,000 loan with various terms. 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 payment structure over the loan term. Here is an example of a borrower with a $10,000 loan balance on the Regular Repayment Plan:

Term APR
with autopay*
Estimated Monthly Payment* Estimated Total Payment
5 Year
60 payments
4.57% – 11.33% $186.75 – $219.07 $11,204.92 – $13,144.42
10 Year
120 payments
5.23% – 11.73% $107.19 – $141.91 $12,863.20 – $17,029.74
15 Year
180 payments
5.58% – 12.07% $82.13 – $120.47 $14,784.03 – $21,684.15
Data in table reflects rates as of 8/18/2018.

Fixed Rate2View Rates and Terms Loans

The following tables illustrate the estimated annual percentage rate (APR), monthly payment, and total payment for a $10,000 loan with various terms. 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 payment structure over the loan term. Here is an example of a borrower with a $10,000 loan balance on the Regular Repayment Plan:

Term APR
with autopay*
Estimated Monthly Payment* Estimated Total Payment
5 Year
60 payments
4.99% – 11.84% $188.67 – $221.64 $11,319.99 – $13,298.21
10 Year
120 payments
5.94% – 12.54% $110.72 – $146.61 $13,286.33 – $17,593.18
15 Year
180 payments
6.24% – 12.84% $85.69 – $125.47 $15,423.80 – $22,585.19
Data in table reflects rates as of 8/18/2018.

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. Navy Federal Credit Union 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*.