Lender for Graduate PlUs

[Vox Animo]

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I looking to apply for the new graduate + loan.

Since its federal and fixed interest, does the lender matter. My school answer to everything is sallie mae, but i want to go through northstar.

Does the lender choice matter then?

Also, they told not to apply for private loans until a few weeks. Do most people wait until the school year starts to apply for their loans?

 

[rg2000]

The interest rate will be the same for all lenders, but the repayment benefits and origination fees will differ. For instance, all lenders charge a 3% origination fee on the PLUS loans, but some (northstar included) reimburse you that money at the end of each year. As far as when you should be securing your loans, I had my loan paper work turned in by April 15th as requested by my school. It may be different for other schools, but you definately need to have applied for your loan at least a couple of months before school starts to get your first installment on time. Securing a loan is a long process so I would contact your school immediately for info on deadlines. Good luck.