PLUS loans vs Wells Fargo Student Loans

skewlcounselor
Wed, 01 May 2013 23:05:42 +0000

How do the rates compare? I believe the PLUS loans have a hefty 3% origination fee and 7.9% interest. Does the Wells Fargo loan accrue interest immediately? Must you begin payback immediately or is it deferred til you graduate?

I’ve heard you should avoid private loans but you should still compare costs.

Would someone in the UMiami financial aid office be able to counsel you regarding the differences?