The LIBOR rate for August 2019 is 2.27%, a decrease from
July's LIBOR rate of 2.43%. 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 payment amount.
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.