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So I'm trying to get a heads-up on all this loan stuff ahead of time, and I've been advised from one school to check out the borrower benefits that lenders may offer for the federal loans. Just wondering, what kind of benefits should I be looking for? For example, I've seen:
-offers for no fees (vs the 1% or 4% they can take out?)
-interest rate %age reduction at first payment
-interest rate %age reduction at first dispersement
-interest rate %age reduction for signing up for auto-payments
-principal %age reduction after 4 years of ontime payments
-extra months after grace/graduation where you don't have to make payments
any thoughts? suggestions of lenders people have used & liked are also welcome...
-offers for no fees (vs the 1% or 4% they can take out?)
-interest rate %age reduction at first payment
-interest rate %age reduction at first dispersement
-interest rate %age reduction for signing up for auto-payments
-principal %age reduction after 4 years of ontime payments
-extra months after grace/graduation where you don't have to make payments
any thoughts? suggestions of lenders people have used & liked are also welcome...