The LIBOR rate for December 2019 is 1.71%, a decrease from November's LIBOR rate of 1.81%. With any
change to the LIBOR rate, variable rate loans will re-amortize and a repayment
schedule will be provided that will include your new monthly payment amount,
interest rate (margin plus LIBOR), and the effective date of your new monthly
Note: The repayment schedule interest rate does not reflect
the Auto Pay discount, if applicable to your loan program, as payments are not
calculated with the discounted interest rate.