Published Aug 2, 2009
kythe, LPN
262 Posts
When I was in school a few years ago for my LPN, I had the usual subsidized and unsubsidized loans. This year when applying back, it turns out they have changed the lenders. I have a paper with 3 names on it, and I know one of them is a private lender. The other two I know nothing about. When I asked how to choose a lender, they said, "Do some research". Okay, now what?
How do I find out about these lenders? How is this affected by the FAFSA? If I am pre-approved for a certain amount of loans according to the FAFSA, would that amount vary according to the different lenders, or can I be certain this is I will recieve? Is the difference between the companies primarily in interest rate?
keithjones
198 Posts
In KY kheaa website has all the lenders listed as well as the interest rates, this will vary from state to state. Be warned some lenders charge 1% added interest rate as a fee!!