Private loans are variable and change each quarter. From April 1, 2008 to June 30, 2008, T.H.E.’s three-month LIBOR index is 3.67%.
Our private loan rates are based on a spread of LIBOR rates plus an additional amount (defined in the borrower’s Truth-in-Lending Disclosure), according to the discipline of study. The interest rates for private loans are posted on our web site within the Rates/Savings sections of different loan programs and are updated each quarter to reflect the current interest rate.
| For the period of: | |
|---|---|
| January 1 to March 31, 2008 | 5.14% |
| October 1 to December 31, 2007 | 5.52% |
| July 1 to September 30, 2007 | 5.35% |
| April 1 to June 30, 2007 | 5.34% |