Navegó a una página que no está disponible en español en este momento. Seleccione el enlace si desea ver otro contenido en español.

Página principal

Annual Percentage Rate

The annual percentage rate (APR) describes the interest rate for a whole year (annualized), rather than just a monthly fee/rate. The APR allows a borrower to compare costs of credit because it factors in term, interest rate and fees associated with the loan.

With student loans, two things cause the APR to be different than an interest rate:

  1. Origination fees
  2. The length of time before repayment begins