Stafford Loan Info

edubbs5
Wed, 23 Aug 2006 09:31:07 +0000

It is good that you are researching lenders before making a choice.

Most lenders out there offer similiar if not the same rates mostly because the Federal Guidelines limit things like: interest rates, postponement eligibility, repayment terms, loan limits…

I am sure that I am being redundant, but be sure to consider these items:
-Is the lender a “for profit” or “non profit lender”?
-What is the repayment incentive?
-When does the repayment incentive begin?
-What would prevent me from receiving your repayment incentive?
-What is your definition of “late” payment?
-What happens if I miss a payment?
-Can I regain eligibility for the repayment incentive?
-If I request a deferment or forbearance, will I lose my repayment incentive?