; and (ii) projected monthly payment amounts based on the cumulative balances described in clause (i), assuming a standard repayment schedule. (B) Interest rates The interest rate of each education loan, except that interest rates for a private education loan may be based on average private education loan interest rates if the institution cannot reasonably determine the actual interest rate of such loan. (C) Disclaimer A clear and conspicuous notice stating that any information provided under paragraph (1) is an estimate, accurate to the best of the institution’s knowledge, and that an interest rate provided under subparagraph (B)— (i) in the case of a loan described in paragraph (6)(A)(i), is the applicable rate of interest of such loan; (ii) in the case of a private education loan, may be based on average private education loan interest rates; and (iii) does not include private education loans of which the institution is not aware. (3) Form of estimate The estimate under paragraph (1) shall be— (A) provided to the student in hard copy format on the letterhead of the institution, by electronic mail or by another method the Secretary may prescribe