Rates and Fees

The examples in the table below are for illustrative purposes only but should help you understand how much a NextStudent Private Student Loan may cost. The actual rates and fees of your loan may vary from the examples below depending upon your credit history and other underwriting criteria. For all of the examples below, the loan fees are included in the loan amount. The Prime Rate as of April 1, 2008, is 5.25%.

• You borrow $10,000 which includes your loan fee
• Your loan is disbursed in a single disbursement
• You are in school for 22 months after disbursement
• Interest capitalizes quarterly
• Your grace period is 12 months
• You request a repayment period of 300 months (25 years)
• The Prime Rate remains constant at 5.25% (as of 4/1/2008)

Please also note that a change in the interest rate may result in a change in your monthly payments. This means that if the Prime Rate increases, the Annual Percentage Rate for your loan will increase and would result in higher monthly payments and/or an increase in the number of scheduled payments.

This information is strictly for illustrative purposes. Your Student Loan Promissory Note and Truth-in-Lending Disclosure Statement will contain the actual terms and conditions of your loan. Upon receipt of your Disclosure Statement, it is up to you to decide whether or not to accept the loan. If you do not accept the proceeds of the loan, you will owe nothing. If you do accept the proceeds of the loan, you are responsible to repay the full amount of all disbursements and applicable interest in accordance with the terms of the Student Loan Promissory Note.

Some of our borrowers may qualify for our alternate Private Student Loan program. To view repayment examples and the rates, fees, and terms for our alternate Private Student Loans, please click here.

All loans are subject to credit approval. The lender for the NextStudent Private Loan is Lehman Brothers Bank, FSB, Equal Opportunity Lender. NextStudent is compensated for the referral of Private Loan customers to the Lender.

* Based on the annual cost of attendance at your school. The lifetime aggregate maximum loan limit is $250,000.