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Old 07-18-2006, 08:01 PM   #1
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Join Date: Jun 2005
Location: Nevada
Posts: 698
ALL Student Loan - Undergrad Federal Stafford Loan

on the tritonlink it saids:

ALL Student Loan Corporation
Complete the Master Promissory Note (MPN) for your Stafford Loan with ALL Student Loan Corporation if you are a new borrower or if you are a repeat borrower, to access your loan records and update your references as appropriate. Your student loan borrower data for the MPN (name, ssn, address, phone, driver's license number and email) will be sent to ALL Student Loan Corporation via the web.

then it saids select so the select button led me into this page


Select the loan you're applying for (Choose from those listed below)


1] ALLsaver® Grad PLUS The ALLsaver® Grad PLUS loan is available to graduate and professional students to cover the cost of education minus other aid received. Borrowers receive a 7.9% immediate interest rate at disbursement for the life of the loan*. In addition, 3.00% of the principal balance of the loan will be applied as a credit to interest accrued 180 days after full disbursement, with a minimum balance of $8,500. At select servicers and guarantors, borrowers may also receive 0% federal default fee.
*Interest rate will rise to federal rate of 8.5% in the event of loan default. If the borrower consolidates with a lender other than ALL Student Loan within 36 months after full disbursement, the interest credit will be added back to the borrower?s loan balance.

2] ALLsaver® ZF Stafford - Esign Students can save with the ALLsaver® ZF Stafford Loan. Immediate interest rate reduction of up to 1.75%. ALLsaver ZF Stafford Loan is available for students at eligible California schools. Aggregate outstanding principal balance of ALLsaver ZF Stafford Loans at commencement of repayment must be at least $7,500 for the timely payment benefit and the ACH benefit to apply. The ALLsaver ZF Stafford Loan rate represents an interest rate reduction for on-time payments of 1.50% from the Federal Statutory Rate (the "timely payment benefit") and an additional interest rate reduction of 0.25% if borrower authorizes payments to be electronically debited from their bank account (the "ACH benefit").

3] Private Loan: ALLsaver® ALLternative® Private loan with rates as low as three-month LIBOR + 2.00%. Fees as low as 0%. Click here to apply for the ALLsaver ALLternative Loan!

4] Private Loan: Campus Door® The Campus Door Loan can cover up to 100% of the cost of attendance. The loan does not require a FAFSA and can be used to cover the Expected Family Contribution (EFC). It offers an interest rate of Prime + 1% and fees as low as 0%. Please note that your chosen school may not participate in the Campus Door program. Click here to APPLY NOW and determine if your school is eligible. Thank you.


which one do I choose?
mrxalleycat is offline   Reply   
Old 07-18-2006, 10:52 PM   #2
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Join Date: Mar 2005
Location: So-Cal
Posts: 78
what made you choose this lender, as opposed to the 8 other lenders?
woeisme is offline   Reply   
Old 07-19-2006, 07:48 PM   #3
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Join Date: Jun 2005
Location: Nevada
Posts: 698
it was the first option that appeared on the screen......... i didn't want to procastinate by reading the descriptions & policies of the other lender companies so I picked the first one. No special reason other than that I wanted to send the financial aid status ASAP because it takes 2-3 weeks for UCSD to process it. =\ That is too much of a hassle for me. I am not going to wait that long.
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