Savings example based on a loan size of $180,000 and is for illustrative purposes only. Federal Direct PLUS Loan rate as of June 30, 2018. Savings vary based on rate and term of your existing and refinanced loan(s). Actual savings not guaranteed. Review your loan documentation for the rates of your previous loans and the total cost of your refinanced loan. The 7% and 5% rates shown are hypothetical and may not reflect your actual rate. Rates and terms offered are subject to credit approval. Review your loan documentation for the total cost of your refinanced loan.