*The repayment example set forth above is for illustrative purposes only and was calculated based on a standard amortization Federal Stafford Loan assuming a loan amount of $14,040, a payment term of 10 years, and a fixed interest rate equal to 5.31%. Loan amount of $14,040 is based on the total tuition for the Master's of Education in Educational Leadership degree for the 2017-2018 school year. Your total loan amount may vary based on program selection. The loan calculator used in this example is available at https://studentaid.gov
. It is your responsibility to verify your eligibility by completing the Free Application for Federal Student Aid at http://fafsa.ed.gov
. All loans are subject to federal student aid guidelines. The actual interest rate may change periodically based on federal regulations. If you elect to defer payments until graduation, loan interest may accrue during deferment.