EXAMPLE PAGE - SCHOOL BROCHURE - UNBOUNCE - Purdue University - Flipbook - Page 58
Pop Quiz:
WHAT
INTEREST RATE
ARE YOU
CURRENTLY
PAYING
ON YOUR
STUDENT LOANS?
That might feel like a trick question. After all, you
got those loans a long time ago: who can
remember? Now would be an excellent time to
find out the answer, because we’re seeing many
applications from borrowers paying 10% or higher
before they came to us.
Current refinance rates for
eligible applicants are as low as
And now? Current refinance rates for eligible
applicants are as low as 2.44% APR1 (variable)2
and 3.47% APR1 (fixed)3. The difference could
help you save thousands.
Can we save you money?
Let’s find out! Visit
INvestEdRefi.com/Purdue,
call us at (317) 715-9015,
or scan the QR code and
we’ll walk you through
our savings calculator to
figure out how much you
might save.
2.44 % 3.47 %
variable
APR1
2
fixed
APR1
3
NOT ALL APPLICANTS WILL QUALIFY FOR THESE RATES
As a nonprofit whose mission is to provide financial
aid literacy guidance and responsible funding
options, INvestEd has refinance solutions designed
to lower your rate, monthly payment, or both.
317-715-9015
INvestEdRefi.com/Purdue
Subject to credit approval, loans are made by INvestEd or Bank of Lake Mills. Bank of Lake Mills does not have an ownership interest
in INvestEd. Bank of Lake Mills is Member FDIC.
1 Rates shown are for eligible, creditworthy applicants and require shortest length of repayment and our Automatic Payment discount of 0.25 percentage points. Annual percentage rates (APR) listed are based on borrowing $10,000 in a single disbursement. Automatic payments are not required.
2 The variable rate is subject to increase after consummation. The maximum variable interest rate is 18.00%. The variable interest rate that is charged to the borrower is reset quarterly, may increase or decrease, and is based on an Index and Margin. That means that your rate could move lower or higher
than the rates on this form. The variable rate is based upon the average of the three-month forward-term version of the 90-day Secured Overnight Financing Rate (SOFR) published by a source approved by the Alternative Reference Rate Committee (ARRC).
3 The Fixed rate will not change during the term. This rate is expressed as an APR. Since there are no fees associated with this loan offer, the APR is the same percentage as the actual interest rate of the loan.
