I'm going to be starting my first year of med school soon. I've gotten finanical aid established through the university. However, I've been looking into getting a loan through a private lender. One place I've checked out is collegeloansite.com and was wondering if anyone has borrowed from this private lender. The loan is credit based and offers deferment until after graduation and even residency. I did the preapplication and they are offering me a 12.20% APR while in deferment and a 9.48% APR during repayment. I have good credit so I'm hopint this is a good rate. Having not done this before and having no basis, I was wondering if this is a reasonable interest rate on $10,000. They are also charging a $990 origination fee on top of the amount I want to borrow. Is there any other lenders who offer deferment that may have lower interest rates? Also, does borrowing from a private lender based on credit affect the federal loans given through the school? Any advice and direction will be much appreciated. Thanks!