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Choosing your Lender!

Discussion in 'Financial Aid' started by Tropicana100, May 8, 2008.

  1. Tropicana100

    Tropicana100 Pure Juice
    5+ Year Member

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    So I am completing FASTLoans right now and choosing my lender for the unsubsidized portion of my loan. I click on the drop-down menu and there are many dozens of lenders. Where can find info on the following for the lender w/o having to spend hours looking for info on their websites:

    -how are loans capitalized? monthly quarterly etc.
    -do they have a fixed rate
    -do they offer a residency and relocation loan for the 4th year med students?

    Also, if you chose your lender already, please let me know which one you chose. thanks!
     
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  3. HumidBeing

    HumidBeing In Memory of Riley Jane
    Moderator Emeritus Lifetime Donor Classifieds Approved 2+ Year Member

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    Moving to the Financial Aid Forum where you get more answers.
     
  4. Sol Rosenberg

    Sol Rosenberg Long Live the New Flesh!
    Physician 10+ Year Member

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    There are already at least 2 threads here with that info.

    Also, on unsubsidized Stafford loans, interest is only capitalized once: when the loan enters repayment. Once the loan enters repayment, the interest is likely compounded monthly, but I suppose that could vary with lender.
     

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