K-12 Rates, Fees and Terms

NextStudent Private Loan interest rates vary monthly. They are based on the London Interbank Offered Rate, or LIBOR, plus a margin. The LIBOR Index equals the one-month LIBOR published in the “Money Rates” section of the Wall Street Journal on the first business day of the preceding calendar month.

For a repayment example click here

The LIBOR Index May 1, 2008 = 2.70%.

Terms

Repayment begins 30 – 60 days after loan funds are disbursed.

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Download a K-12 Private Loan Application



The lender for the NextStudent Alternate Private Student Loan is RBS Citizens, N.A., Member FDIC and Equal Opportunity Lender. RBS Citizens, N.A. may sell your student loan to a third party. RBS Citizens, N.A. will only sell your student loan if the third party agrees to honor all of RBS Citizens, N.A.'s promises to you, including all promised benefits that you will receive or might become eligible for during the loan repayment period.

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Last updated Saturday, May 17, 2008