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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

TypeStafford
Cost Index141
Amount Received$5,500
Change Amount
Interest Rate6.8%

Payment Details

In-School / Grace Interest Payments
Monthly Payment$86
# of Payments118
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 Fee1% Deducted from Disbursement
Federal Default Fee1% Deducted from Disbursement
In-school Period52 months
Change
Grace Period6 months
Pay Interest During In-School and Grace PeriodsNo
Change
SubsidizedNo
Change
Interest Capitalizes before repaymentAt repayment
24/7 Application ProcessingYes
Benefits Lost if Loan SoldNo
Co-signer RequiredNever
Online ApplicationYes
Benefit Recovery ClauseYes

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