For variable rate loans issued on the One Month LIBOR rate, the LIBOR is 2.22% effective October 1, 2018- October 31, 2018.
For variable rate loans issued on the Three Month LIBOR rate, the LIBOR is 2.33% effective October 1, 2018- December 31, 2018.
You may identify which LIBOR is applicable to your loan on the Final Disclosure issued by Laurel Road.
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.
Note: The repayment schedule interest rate does not reflect the Auto Pay discount as payments
are not calculated with the discounted interest rate.