Sep
9
9
Jason asked:
My undergrad. sent everyone to Wachovia, but I had a horrible time with them. A lot of things were done to my account by the bank without me knowing it until months later. Is there a really good bank out there to get college loans? What are the main points that I should look at when getting loans? (Example. Interest rates, time to pay them back, etc?)
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Tags: Bank Loans, College Loans, Horrible Time, Interest Rates, Undergrad, Wachovia
September 9th, 2008 at 3:04 pm
Thanks for the information.
I will use it for sure.
Thank you.
September 11th, 2008 at 8:59 am
I think you should check out the SBI services for the education loans bcoz it has low interest rates, but there is a small problem with the services of it at some places.
September 14th, 2008 at 6:10 pm
the one with the lowest interest rate on a loan
September 15th, 2008 at 4:06 am
chase or us bank
September 17th, 2008 at 12:08 pm
In general, stick with a large, reputable company with extensive experience in student loans. Your financial aid office should be able to recommend some, but also do your own research. Some questions to ask when choosing a lender:
How long have you been in student loans?
Are you a financially secure company?
Who services your loans?
Who guarantees your loans?
Who performs customer service for you? What kind of training or qualifications do they have?
Do you certify your compliance with applicable regulations? Where? May I get a copy?
Do you charge an origination fee?
Do you charge a default aversion fee?
If you rebate the loan fees, when and based on what principal amount?
How do I earn any interest rate or fee reductions?
When do I earn any interest rate or fee reductions? Is your rate reduction immediate? Is your fee reduction immediate?
Do I have to do anything to keep my benefits?
Do I lose any benefits if I make one late payment? Do I lose those benefits forever?
What happens to my eligibility for benefits if I consolidate my loans?
Do I have to repay earned benefits if I consolidate my loans with another lender?
Where do you disclose the terms and conditions for your loan discounts and benefits? Will you provide/confirm the terms and conditions in writing?
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