The following rates are effective on , and subject to change without notice. For updated information, inquire at any branch office or contact 301-249-1800.
CU STUDENT CHOICE LOAN
|Loan Type||Term||APR* as low as|
|Deferred1 Repayment Line of Credit||20-25 Years||6.00% (LIBOR + 3.69%)2|
*Annual Percentage Rate (APR) is based on evaluation of applicant's credit. Subject to change at any time without notice. Your actual APR may vary.
1 Deferment is up to 60 months plus 6 months after the date of graduation/separation.
2 1-Month London Interbank Offered Rate (LIBOR) as of July 30, 2014 is 0.16%. Floor rate is 6.00% regardless of lower LIBOR.
Payment Example: A $20,000 student choice loan at 6.00% APR for 20 years is equal to a monthly payment of $143.29.