ISL Education Lending Disclosures

All loans are subject to credit approval

Student/Parent Loan Refinancing

Annual percentage rates (APRs) assume you are enrolled in and maintain auto-debit payments from the date of origination. Enrolling in auto-debit results in a 0.25% interest rate reduction. Without enrolling in auto-debit, the rate will range from 4.19% APR to 9.33% APR. Not all borrowers receive the lowest rate. If you are approved for a loan, the rate offered will depend on your credit profile and the term you select and will be within the ranges shown above assuming the auto-debit interest rate reduction applies.

Medical Resident Refinancing

Annual percentage rates (APRs) assume a principal and interest repayment term as short as five years and as long as 20 years, borrowing $100,000, a 0% origination fee, deferring principal and interest for 66 months while requiring $75.00 monthly payments, and assumes you are enrolled in and maintain auto-debit payments during the Post-Residency Repayment Period. Enrolling in auto-debit during the Post-Residency Repayment Period results in a 0.25% interest rate reduction during the Post-Residency Repayment Period. Without enrolling in auto-debit, the APR range would be from 4.18% APR to 8.36% APR. Not all borrowers receive the lowest rate. If you are approved for a loan, the rate offered will depend on your credit profile and the term you select. During your residency, you must make monthly payments of at least $75.00. The $75.00 monthly payments during the Residency Period may not be enough to fully pay the interest that will accrue during the Residency Period. If the interest that accrues each month is more than $75.00, the amount of interest that is not paid will be added to your loan balance. Your loan balance may therefore increase during your Residency Period even though you are making the required payments, which is called negative amortization. Because of the negative amortization, your loan will have a larger principal balance at the start of the Post-Residency Repayment Period than the amount that you originally borrowed.

Medical and Dental Professionals Refinancing:

Annual percentage rates (APRs) assume you are enrolled in and maintain auto-debit payments from the date of origination. Enrolling in auto-debit results in a 0.25% interest rate reduction. Without enrolling in auto-debit, the rate will range from 3.89% APR to 8.03% APR. Not all borrowers receive the lowest rate. If you are approved for a loan, the rate offered will depend on your credit profile and the term you select and will be within the ranges shown above assuming the auto-debit interest rate reduction applies.

Auto-Debit Disclosure

You can earn a 0.25% interest rate reduction by signing up to have payments automatically withdrawn. The 0.25% interest rate reduction will apply once payments begin to be automatically deducted. The reduction will remain in effect as long as automatic payments continue without interruption during the repayment period. The 0.25% interest rate reduction will not lower the monthly payment amount but will instead reduce the interest amount that accrues. The interest rate reduction will be suspended during approved assistance or if automatic payments are rejected due to insufficient funds. See Medical Resident Refinancing above for details on when the 0.25% interest rate reduction is applied.

Lender Identification

Subject to credit approval, loans are made by Iowa Student Loan Liquidity Corporation or Bank of Lake Mills. Bank of Lake Mills does not have an ownership interest in Iowa Student Loan Liquidity Corporation. Bank of lake Mills is not affiliated with the school you attended or are attending. Bank of lake Mills is member FDIC. Loan servicing, including billing and other customer service, will be provided by Aspire Servicing Center.

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