06/10/2008
Stafford Undergraduate
Borrower pays full Origination and Default Fees
For analysis two equal disbursements were assumed in August and January of first year of school
Assumes borrower earns a 0.25% Interest Rate Reduction for using ACH for the entire life of the loan*
Loan is 100% subsidized while in school and grace
10 Year Repayment
Loan Amount
Interest
Rate
Months in
School
Months in
Grace Fees
Early Repayment
Penalty? APR
Benefit
Savings
Monthly
Payment
Total Principal
Payments
Total Interest
Payments Total Payments
$5,000 6.0% 45 6 $100 No 3.29% $101 $56 $5,000 $1,560 $6,560
$10,000 6.0% 45 6 $200 No 3.29% $202 $111 $10,000 $3,121 $13,121
$20,000 6.0% 45 6 $400 No 3.29% $404 $222 $20,000 $6,241 $26,241
15 Year Repayment
Loan Amount
Interest
Rate
Months in
School
Months in
Grace Fees
Early Repayment
Penalty? APR
Benefit
Savings
Monthly
Payment
Total Principal
Payments
Total Interest
Payments Total Payments
$5,000 6.0% 45 6 $100 No 3.74% $190 $42 $5,000 $2,405 $7,405
$10,000 6.0% 45 6 $200 No 3.74% $380 $84 $10,000 $4,810 $14,810
$20,000 6.0% 45 6 $400 No 3.74% $759 $169 $20,000 $9,620 $29,620
PLUS
Borrower pays full Origination and Default Fees
For analysis two equal disbursements were assumed in August and January of first year of school
Assumes borrower earns a 0.25% Interest Rate Reduction for using ACH for the entire life of the loan*
Immediately enters repayment status upon full disbursement
10 Year Repayment
Loan Amount
Interest
Rate
Months in
School
Months in
Grace Fees
Early Repayment
Penalty? APR
Benefit
Savings
Monthly
Payment
Total Principal
Payments
Total Interest
Payments Total Payments
$5,000 8.50% 0 0 $100 No 9.17% $125 $63 $5,089 $2,357 $7,445
$10,000 8.50% 0 0 $200 No 9.17% $251 $126 $10,177 $4,714 $14,891
$20,000 8.50% 0 0 $400 No 9.17% $502 $252 $20,354 $9,428 $29,782
15 Year Repayment
Loan Amount
Interest
Rate
Months in
School
Months in
Grace Fees
Early Repayment
Penalty? APR
Benefit
Savings
Monthly
Payment
Total Principal
Payments
Total Interest
Payments Total Payments
$5,000 8.50% 0 0 $100 No 8.93% $259 $50 $5,089 $3,672 $8,761
$10,000 8.50% 0 0 $200 No 8.93% $518 $100 $10,177 $7,344 $17,521
$20,000 8.50% 0 0 $400 No 8.93% $1,036 $200 $20,354 $14,688 $35,042
Stafford Graduate
Borrower pays full Origination and Default Fees
For analysis two equal disbursements were assumed in August and January of first year of school
Assumes borrower earns a 0.25% Interest Rate Reduction for using ACH for the entire life of the loan*
Loan is 100% subsidized while in school and grace
10 Year Repayment
Loan Amount
Interest
Rate
Months in
School
Months in
Grace Fees
Early Repayment
Penalty? APR
Benefit
Savings
Monthly
Payment
Total Principal
Payments
Total Interest
Payments Total Payments
$5,000 6.80% 22 6 $100 No 4.75% $108 $58 $5,000 $1,797 $6,797
$10,000 6.80% 22 6 $200 No 4.75% $215 $115 $10,000 $3,594 $13,594
$20,000 6.80% 22 6 $400 No 4.75% $430 $230 $20,000 $7,189 $27,189
15 Year Repayment
Loan Amount
Interest
Rate
Months in
School
Months in
Grace Fees
Early Repayment
Penalty? APR
Benefit
Savings
Monthly
Payment
Total Principal
Payments
Total Interest
Payments Total Payments
$5,000 6.80% 22 6 $100 No 5.14% $209 $44 $5,000 $2,781 $7,781
$10,000 6.80% 22 6 $200 No 5.14% $417 $89 $10,000 $5,561 $15,561
$20,000 6.80% 22 6 $400 No 5.14% $834 $178 $20,000 $11,122 $31,122
GradPLUS
Borrower pays full Origination and Default Fees
For analysis two equal disbursements were assumed in August and January of first year of school
Assumes borrower earns a 0.25% Interest Rate Reduction for using ACH for the entire life of the loan*
Payment is deferred and interest accrues while in school and is capitalized at repayment
10 Year Repayment
Loan Amount
Interest
Rate
Months in
School
Months in
Grace Fees
Early Repayment
Penalty? APR
Benefit
Savings
Monthly
Payment
Total Principal
Payments
Total Interest
Payments Total Payments
$5,000 8.50% 22 0 $100 No 8.87% $140 $71 $5,691 $2,636 $8,326
$10,000 8.50% 22 0 $200 No 8.87% $281 $141 $11,381 $5,272 $16,653
$20,000 8.50% 22 0 $400 No 8.87% $561 $282 $22,763 $10,543 $33,306
15 Year Repayment
Loan Amount
Interest
Rate
Months in
School
Months in
Grace Fees
Early Repayment
Penalty? APR
Benefit
Savings
Monthly
Payment
Total Principal
Payments
Total Interest
Payments Total Payments
$5,000 8.50% 22 0 $100 No 8.74% $290 $56 $5,691 $4,106 $9,797
$10,000 8.50% 22 0 $200 No 8.74% $579 $112 $11,381 $8,213 $19,594
$20,000 8.50% 22 0 $400 No 8.74% $1,159 $224 $22,763 $16,426 $39,188
.25% interest rate reduction for making payments using auto-debit *
24/7 student loan application and account access online at www.nelnet.com
Toll-free access to helpful Nelnet Advisors: 1.877.804.3603
Flexible repayment options
Free practice tests for standardized exams, scholarship searches and FAFSA assistance online at www.nelnet.com
Note: Figures are estimates only based off of assumptions provided to Nelnet. Actual results may vary based on borrower behavior
*Nelnet's current borrower benefit is a 0.25% interest rate reduction for borrowers who make their pa
ments via pre-scheduled auto-debit. As alwa
s, Nelnet reserves the ri
ht to modif
or terminate borrower
benefit programs at its discretion and without prior notice. To this end, if deemed necessary, Nelnet will change its borrower benefits as necessary to make its student loans eligible for purchase by the
Department of Education under the program the Department announced in a Dear Colleague letter on May 21, 2008. Nelnet anticipates the Department will support a 0.25% interest rate reduction for pre-
scheduled auto debit payments.
