Fixed Rate
Application and Solicitation Disclosure
Loan Interest Rate & Fees
Your interest rate will be between
% and %
After the rate is set, your rate will be fixed.
8B Education Investments
East State Street 314
Ithaca, NY 14850, USA
+447707750836
Your Interest Rate (upon approval)
The interest rate you will pay will be determined after you apply. The
rate will be established based on your credit history (if available),
your academic record at the school of attendance, income and other
factors. If approved, we will notify you of the rates you qualify for
within the stated range.
Your Interest Rate (during the life of the loan)
Your rate is fixed and will remain fixed for the life of the loan
. This means that once your rate is determined, the rate will not
change. For more information on this rate, see Reference Notes.
The rate will be fixed for the life of the loan.
Loan Fees
Origination Fee:
5.00%
Late Charges:
$20.00
Returned Payment Charge:
$10.00
Collection and Default Charges:
In the event of a default, the borrower may incur additional collection
charges as permitted under applicable law.
Loan Cost Examples
The total amount you will pay for this loan will vary depending upon
when you start to repay it. This example provides estimates based upon
the repayment option available to you while enrolled in school.
Repayment Option | Amount Provided
(amount paid to others on your behalf)
| Interest Rate
(highest possible rate)
| Loan Term
(how long you have to pay off the loan)
| Total Paid Over Entire Loan Term
(include associated fees)
|
PAY ONLY THE INTEREST
Make interest payments but defer payments on the
principal amount while enrolled in school. Interest
will accrue and may not be deferred.
|
$10,00.00 |
13.75%
|
96 (months)
|
$16,540.35
|
About this example
Assumptions: This loan assumes a $10,000.00 loan, a fixed interest rate and
associated fees for the repayment option shown.