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How is the interest rate calculated for the Academic Answer Loan?

April 26, 2017academic answer calculated Interest rate loan

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How is the interest rate calculated for the Academic Answer Loan?

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• The Academic Answer Loan is a private education loan. The variable interest rate is calculated by adding the current one-month LIBOR index (which is rounded up to the nearest 1/8th of 1%) to a margin. • The Academic Answer interest rate for graduate students starts as low as the one-month LIBOR1 + 3.00%, currently a 3.375% interest rate and 3.32% APR2. The Academic Answer rate for undergraduate students starts as low as one-month LIBOR + 3.50%, currently a 3.875% interest rate and 3.