Federal Loans Special Discounts Calculator Chela offers one of the best interest rate discounts on Federal Stafford and PLUS* Loans. Fill in your loan amount and see how much you could save with Chela. Loan Details Loan Amount:       Loan Type: Stafford Loan         PLUS Loan   (only for parents of undergraduates)      Discount Type:* Immediate On Time Payment Interest Rate Reduction?   1.50% discount for Stafford Loans 0.75% discount for PLUS Loans Automatic Debit Interest Rate Reduction?**    0.25% discount for automatic debit from checking or savings

Remember: Various calculators are available for use on this site. When using this calculator you agree and acknowledge that such calculators may be used for illustrative purposes only. Certain assumptions, included but not limited to loan type, interest rate, repayment plan type, borrower delinquency, forbearance and deferment, have been made for each calculator that may or may not reflect your actual circumstances.

* PLUS loans (Parent Loans for Undergraduate Students) are made to parents of dependent undergraduate students.

**This is a limited time offer available only if you are taking out a new Federal Stafford or PLUS Loan from Chela on or after September 4, 2001, and we may revoke this offer anytime. To qualify, you must have a total outstanding balance of at least $7,500 at the start of repayment. Chela will revoke the on time payment discount permanently if your account becomes 30 days past due once. You may lose the .25% discount if you do not have sufficient funds available or you withdraw from the program.