according to the us department of education the average cost of a year at public school is $ 15100 and $ 32900 for private institutions those costs are more than outpacing inflation and wage growth today there is more outstanding student loan debt than credit card debt
The draw period of a loan is usually determined up front and explicitly defined in the contract terms of the loan. The draw period consists of a time frame during which the credit facility may be accessed, and may include an increasing maximum as the loan gets older.
1 Variable Rate Plan Annual Percentage Rate. During the Draw Period, the Annual Percentage Rate for the Variable Rate Plan can change on the first day of each billing cycle in accordance with a formula set forth in the Account Agreement. ( 2 b) Fixed Rate Option Plan Annual Percentage Rate(s).