Fixed Repayment Example: For example, if your loan was disbursed on 8/15/2024 and you graduated on 5/15/26, you would make 27 monthly payments of $25 beginning 9/15/24 (which includes your 6-month grace period for full payments), followed by 120 full monthly payments beginning 12/15/26 of $67.67 for every $5,000 borrowed at a 9% APR.