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A private student loan is different than a federal loan because it is not eligible for many federal loan forgiveness programs and will also not be eligible for bankruptcy except for in highly unusual circumstances.
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3 Ways To
Compare Private
Student Loans PayMyStudentLoans.com
1. Interest rates
A fixed interest rate will remain the same
over the life of the loan.
A variable interest rate changes to reflect
current market conditions.
PayMyStudentLoans.com
Some banks require one or both while
other banks have no extra fees.
An origination fee typically varies from
0.5% to 2% of the loan amount.
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2. Application or origination fees
3. Repayment options
Some lenders do not require payments
while you are still in school.
Deferments or forbearance
Cosigner release
Length of repayment
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Learn More
Learn more at…
PayMyStudentLoans.com
http://www.paymystudentloans.com/how-to-compare-private-student-loans/
