How to compare private student loans
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3 Ways To Compare Private Student Loans PayMyStudentLoans.com
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A private student loan is different than a federal loan because it is not eligible for many federal loan forgiveness programs and will also not be eligible for bankruptcy except for in highly unusual circumstances.
Transcript of How to compare private student loans
3 Ways To
Compare Private
Student Loans PayMyStudentLoans.com
1. Interest rates
A fixed interest rate will remain the same
over the life of the loan.
A variable interest rate changes to reflect
current market conditions.
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Some banks require one or both while
other banks have no extra fees.
An origination fee typically varies from
0.5% to 2% of the loan amount.
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2. Application or origination fees
3. Repayment options
Some lenders do not require payments
while you are still in school.
Deferments or forbearance
Cosigner release
Length of repayment
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Learn more at…
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http://www.paymystudentloans.com/how-to-compare-private-student-loans/
