Best Residency Relocation Loan?

[Marigold]

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Anyone have experience with choosing who to go to for a Residency Relocation Loan? I think I've narrowed it down to Access Group, Keybank, and Med Funds, and it's looking like Keybank might be the best shot?

Thanks in advance!

ETA: by "best shot" I mean smartest choice...best interest rate, repayment incentives, etc.

 

[mshheaddoc]

I'm actually considering Keybank to consolidate some loans, they go off of libor and seem pretty reasonable. We also got the nelnet loan and they were pretty reasonable as well. They both sound like good choices to me.

 

[Marigold]

I'm actually considering Keybank to consolidate some loans, they go off of libor and seem pretty reasonable. We also got the nelnet loan and they were pretty reasonable as well. They both sound like good choices to me.

Yeah, I'm thinking keybank as well. Is there any benefit to loans that go off LIBOR instead of Prime?

ETA: or any reason I WOULDN'T want a loan that goes off Prime instead of LIBOR?

 

[mshheaddoc]

Prime is higher than libor for starters!

 

[RockfordWF]

Anyone have experience with choosing who to go to for a Residency Relocation Loan? I think I've narrowed it down to Access Group, Keybank, and Med Funds, and it's looking like Keybank might be the best shot?

Thanks in advance!

ETA: by "best shot" I mean smartest choice...best interest rate, repayment incentives, etc.

Total Higher Education

northstar.org

 

[fozzy40]

any other suggestions out there?

 

[donvicious]

I believe LIBOR is tied to interest rates in London while Prime is tied to the fed. Right now the fed is cutting intersest rates here in the US. Not too sure about London.

Best Libor loan I found was LIBOR + 4 = 6.5%
Best Prime Rate loan I found was Prime - 0.5% = 4.75%

So right now it looks like Prime loans are the best.