Some current Emory students have recommended T.H.E loans (Total Higher Education). They are a non-profit I believe.
GWU also recommended this lender. On the northstar website, they say the Stafford interest rate will be the "T bill" (currently, 3%) + 1.7% while you're in school and + 2.3% after. So this would be lower than the fixed rate of 6.8% that the Access Group offers for disbursements post 7/1/06.
Or... am I missing something and all Stafford loans will have a fixed interest rate after 7/1/06?
FIXED RATES FOR NEW LOANS
Future student loan borrowers will also have something to chew over, as a new federal law aimed at simplifying the student loan system and curbing the federal deficit mandates that beginning July 1, all new loans will carry a fixed rate, instead of the current variable one. Stafford loans will be set at 6.8 percent for all new loans through 2012.
There's no telling whether that rate is good or bad because nobody knows where interest rates will trend.
The rate on PLUS loans, which will also be available to graduate and professional students as of July 1, will jump from 6.1 percent to 8.5 percent. http://www.consumerreports.org/cro/personal-finance/student-loans-refinance-now-or-pay-more-406-student-loans-financial-aid.htm
i was under the impression that all stafford loans are fixed at 6.8% and all plus loans fixed at 8.5% regardless of your lender. the lender difference comes with whether they give you discounts (e.g., 0.25% decrease after disbursement, 0.25% decrease when you enter repayment, etc.).
i've seen some lender websites, and even the Dept. of Ed. website says otherwise, but i'm thinking that it just hasn't been updated.