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Author Topic: Fed Loan "Origination Fee"???  (Read 2945 times)

BoscoBreaux

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Re: Fed Loan "Origination Fee"???
« Reply #10 on: April 25, 2005, 11:58:02 PM »
So I just recieved a little card from accessgroup telling me that if I get my federal loans through them I get to avoid paying this little $550 "origination fee" that I would otherwise see deducted from my $18500.

What's the catch?

All of the lenders at my school, University of the Pacific, offer no origination fees. I'd look around.  Wells Fargo offers a 4.6% principal reduction after 3 yrs of payments, for example.