But if you can't make a monthly installment, you will need to contact your lender or servicer (the company that owns your loan) to discuss the problem. Depending on your type of loan, the federal government may pay the interest on it during your deferment period. On both a new purchase and a refi, the best buy today is a fixed-rate loan, says Jack Guttentag of mtgprofessor.com, a top site for mortgage calculators and advice. It's easy to think now that a $200-a-month payment won't be a big deal, says Hilmer, but those payments can take a big chunk out of your monthly income. GRACE PERIOD A period of time--usually lasting six months after you leave college--when many student loans don't require repayment. Understanding Loan Language There's also a financial incentive for paying back your loans on.
Loan rates
Fitch Rates SLM Student Loan Trust 2007-2 Issue
Forbes - The ratings are based on the quality of Federal Family Education Loan Program (FFELP) student loan portfolio, the quality of the servicing provided by Sallie Mae Inc., rated 'ABPS/S1', the transaction's legal structure and level of credit enhancement ... Read more...
Sallie Mae Unveils Comprehensive Suite of Loan Products for Dental ...
MSN MoneyCentral - Second, they should maximize their borrowing under the Federal Stafford Loan and PLUS Loan programs, which provide the most consumer-friendly loan rates, benefits, and repayment options. If students still need money after they have exhausted all ... Read more...
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