Posted by Lee Wilson | Posted in Uncategorized | Posted on 22-08-2010
Tags: college student loans, college student loans 2, college student loans and grants, college student loans for parents, college student loans government, college student loans with cosigner, education, finance, loan, loans, student
Which financial institutions are the best for college student loans?
I have to choose a lender for my financial aid student loan offered, and do not know which one of eight lenders to choose from. HELP!!!
It's important to do some research and select a lender who is reputable and will service your loans after you're out of school. Some good questions to ask include:
-How long have you been in student loans?
-Are you a financially secure company?
-Who services your loans?
-Who guarantees your loans?
-Who performs customer service for you?
-What kind of training or qualifications do they have?
-Do you certify your compliance with applicable regulations? -Where? May I get a copy?
-Do you charge an origination fee?
-Do you charge a default aversion fee?
-If you rebate the loan fees, when and based on what principal amount?
-How do I earn any interest rate or fee reductions?
-When do I earn any interest rate or fee reductions? Is your rate reduction immediate? Is your fee reduction immediate?
-Do I have to do anything to keep my benefits?
-Do I lose any benefits if I make one late payment? Do I lose those benefits forever?
-What happens to my eligibility for benefits if I consolidate my loans?
-Do I have to repay earned benefits if I consolidate my loans with another lender?
-Where do you disclose the terms and conditions for your loan discounts and benefits? Will you provide/confirm the terms and conditions in writing?
Changing China one loan at a time
