What is the interest rate?
Is the interest rate fixed or variable?
What are the loan fees (if any)?
What are the credit criteria (if any)?
What is the grace period (time between leaving school and beginning repayment)?
What are the annual and aggregate loan limits?
What are the “repayment incentives” or “borrower benefits” offered?
Are the above repayment incentives/borrower benefits automatic or do you need to earn
them?
If it must be earned, what percentage of borrowers actually receive the incentive/benefit?
Does the lender provide clear and concise information?
Are you able to easily reach a knowledgeable person through the call center?
Is the lender website easy to navigate and does it provide the information needed?
Does the lender encourage you to borrow conservatively?
Does the lender offer resource information for managing your debt?
Does the lender offer life of loan servicing or do they sell the loan? |
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