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Student Loan Network
Federal Stafford Loan
Cost Index
141
What is the Cost Index?
Student Loan Description
There are many reasons why you should start with a Federal Stafford loan. Advantages:
* No payments until after you graduate
* The government pays interest on subsidized loans while you are enrolled
* Eligible for consolidation
With no payments required until after graduation, federal benefits and low fixed interest rates, StaffordLoan.com is the place to start.
Student Loan Overview
Type
Stafford
Cost Index
141
Amount Received
$5,500
Change Amount
Interest Rate
6.8%
Payment Details
In-School / Grace Interest Payments
—
Monthly Payment
$86
# of Payments
118
Final Payment
$11
Total Paid
$10,136
Borrower Benefits
Auto-Debit
Interest Rate Reduction of
0.25%
Additional Information
Minimum Payment
$50
Repayment Fee
—
Application Fee
—
Origination Fee
1% Deducted from Disbursement
Federal Default Fee
1% Deducted from Disbursement
In-school Period
52 months
Change
Grace Period
6 months
Pay Interest During In-School and Grace Periods
Change
Subsidized
Change
Interest Capitalizes before repayment
At repayment
24/7 Application Processing
Benefits Lost if Loan Sold
Co-signer Required
Never
Online Application
Benefit Recovery Clause
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Loan Inputs
Loan Amount Needed
Loan Disbursal Date
January
February
March
April
May
June
July
August
September
October
November
December
2010
2011
2012
Graduation Date
January
February
March
April
May
June
July
August
September
October
November
December
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
Grace Period
0
1
2
3
4
5
6
7
8
9
10
11
12
months
Make Interest Payments while in school
Subsidized (Only applicable to stafford loans)