Dear Alexis Rodriguez,

Below is a summary of your estimated* student loan liability (through the 2019-2020 academic year) as of 09/04/2018. For many students, this information is helpful in developing a financial plan and deciding how much to borrow in student loans.

Remember: You will be responsible for paying back your student loans and related college debt. Understanding the short- and long-term implications of your borrowing decisions is critical.

Estimate of Your Total Educational Loan Balance:

$5,733

Interest Rates

Student loan interest rates vary based on when you borrowed and the loan type. Calculations in this letter are estimated at 4.45%.

Learn More about the current and historical rates.

Estimated Monthly Payments - Federal Student Loans

Federal Student Loans:	$5,733
Standard Repayment Terms:	10 Years
Assumed Interest Rate:	4.45%
Monthly Payment:	$69
Total Payoff Amount:	$8,284
Projected Interest Paid:	$2,551

Estimated Borrowing Limit - Federal Direct Loans

You have reached 10% of your federal borrowing limit for federal student loans*. If you reach 100% of your undergraduate borrowing limit, your monthly payment might be as high as $692*.

Tips and Advice to Save Money

Time is money: Stay on-track to graduate on time by earning 15 or more credits each semester.
You can reduce borrowing by applying personal savings toward tuition.
Textbooks are expensive. Does your course offer a less expensive e-reader edition?
Paying accrued interest on your loans while you are in school will lower your payments after graduation.

*Principal, interest, payoff amount, monthly payment, repayment terms, federal borrowing limit percentage, and maximum payment are estimated based on the information available to Ivy Tech Community College. To view your complete federal loan history, log on to the National Student Loan Data System (NSLDS) at nslds.ed.gov using your FSA ID. To review your repayment options, log on to studentloans.gov.