Whats the deal with the SELF Loan?

ecpmn
Sun, 17 Aug 2008 21:01:15 +0000

While it’s frustrating to have to pay interest while in school, you only have to pay it quarterly. There are a number of benefits to a SELF loan. First off, it offers a much lower interest rate than you’ll likely obtain on any private loan. Also, the origination fees are less. While it sucks to pay the interest, doing so means the interest won’t be compounded. Beyond that, when you graduate all you will owe is the principal balance and current interest charges. It’s worth it.