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Februari 18, 2022

How to Choose a Stafford Loan Lender

Filed under: legit online payday loans — admin @ 2:24 pm

How to Choose a Stafford Loan Lender

Find a lender who offers lower fees to save money down the road.

Your child should apply for a Stafford loan in the late spring or early summer before heading off to college because processing the loan can take four to six weeks. When the school participates in the Federal Direct Student Loan Program, you don’t have to scout around for a lender — the school’s financial-aid office will tell you how to apply.

If you have an FFEL Stafford loan, you can choose your own lender. The interest rate and loan terms will be the same just about anywhere you go, although it’s possible to find a lender offering slightly lower fees to attract more student-loan business. (more…)


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