ASCENT HEALTH REPAYMENT EXAMPLE

ASCENT HEALTH REPAYMENT EXAMPLE

The following examples illustrate two hypothetical first year single disbursement undergraduate student loans 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 between 5.75% and 12.50% plus the 1-Month London Interbank Offered Rate (LIBOR) rounded to the nearest 1/100th of a percent.  The current LIBOR is 1.216%, which may adjust monthly. Your interest rate may increase or decrease, based on LIBOR monthly changes, resulting in an APR range between 6.97% and 13.21%. 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, income, selected repayment option, and other factors.

The following tables show a full Principal and Interest repayment term of 144 months
for the example of Immediate Repayment:
(Rates are effective as of 07/01/2017.) 

MINIMUM (LOWEST RATE) PAYMENT EXAMPLE
AT 12-YEAR REPAYMENT TERM
Repayment Option APR No. of Payments Total Payments
Immediate Repayment 6.972% 144 @ $102.68 $14,785.92

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MAXIMUM (HIGHEST RATE) PAYMENT EXAMPLE
AT 12-YEAR REPAYMENT TERM
Repayment Option APR No. of Payments Total Payments
Immediate Repayment 12.73% 144 @ $135.74 $19,546.56

The following tables show a 48 month in-school period plus 6 months of grace prior to a full repayment term of 120 months
for the examples of Interest Only and Deferred Repayment:
(Rates are effective as of 07/01/2017.) 

MINIMUM (LOWEST RATE) PAYMENT EXAMPLE
AT 10-YEAR REPAYMENT TERM
Repayment Option APR No. of Payments In-School/Grace …Thereafter Total Payments
Interest Only Repayment 7.47% 54 @ $62.25 120 @ $118.47 $17,577.90
Deferred Repayment 7.40% n/a 120 @ $164.66 $19,759.20
 

 

MAXIMUM (HIGHEST RATE) PAYMENT EXAMPLE
AT 10-YEAR REPAYMENT TERM
Repayment Option APR No. of Payments In-School/Grace …Thereafter Total Payments
Interest Only Repayment 13.21% 54 @ $110.17 120 @ $150.45 $24,003.18
Deferred Repayment 12.14% n/a 120 @ $248.49 $29,818.80