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Author Topic: Does the lender really matter?  (Read 6749 times)

photogrl

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Re: Does the lender really matter?
« Reply #40 on: April 29, 2005, 01:47:23 AM »
Tag.  I loathe the thought of having to think about this, but the day is fast approaching.  Does anyone know when we're supposed to be applying for these loans?  May? June?
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St. Shaun

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Re: Does the lender really matter?
« Reply #41 on: April 29, 2005, 02:15:02 AM »
Tag.  I loathe the thought of having to think about this, but the day is fast approaching.  Does anyone know when we're supposed to be applying for these loans?  May? June?

I start classes in a little over a month.  I suppose I should start applying now.
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michaelduke

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Re: Does the lender really matter?
« Reply #42 on: April 29, 2005, 10:04:16 AM »
Tag.  I loathe the thought of having to think about this, but the day is fast approaching.  Does anyone know when we're supposed to be applying for these loans?  May? June?

I start classes in a little over a month.  I suppose I should start applying now.

Yes.  Are you in UM's summer starting class? 

St. Shaun

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Re: Does the lender really matter?
« Reply #43 on: April 29, 2005, 12:21:51 PM »
Tag.  I loathe the thought of having to think about this, but the day is fast approaching.  Does anyone know when we're supposed to be applying for these loans?  May? June?

I start classes in a little over a month.  I suppose I should start applying now.

Yes.  Are you in UM's summer starting class? 

Yes I am.
You can't make everyone happy...
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michaelduke

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Re: Does the lender really matter?
« Reply #44 on: April 29, 2005, 12:52:23 PM »
do you earn an extra degree (like Duke Law) or will you guys graduate a little early?


Tag.  I loathe the thought of having to think about this, but the day is fast approaching.  Does anyone know when we're supposed to be applying for these loans?  May? June?

I start classes in a little over a month.  I suppose I should start applying now.

Yes.  Are you in UM's summer starting class? 

Yes I am.

St. Shaun

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Re: Does the lender really matter?
« Reply #45 on: April 29, 2005, 04:14:51 PM »
do you earn an extra degree (like Duke Law) or will you guys graduate a little early?
Starting this year, we will graduate a semester early.  In the past summer starters
had to take a class during a following summer if they want to start early.  The ABA
changed it this year so that we won't have to anymore.  They did, however, add 2 credits
to the summer load (and the ABA added 2 credits for graduation requirements).
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midjeep

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Re: Does the lender really matter?
« Reply #46 on: May 02, 2005, 01:02:58 PM »
Looks like it's not available for UVa?  Only William & Mary, George Mason and Washington & Lee in Virginia.  Oh well, Access Group it is...

That's strange. It wasn't available for Harvard, either ...

Wow! They really do have a great website. All the information you need is right there. Other companies should do the same...

The interest they are charging is 3 month libor + 3.75% though. That seems like a lot.

I guess they must have different deals for different schools; stanford's is 3mo LIBOR + 2.75%. Their info on stafford loans might be worth perusing, though ?

SMU has the same rate, on Northstar but I still haven't received any info on my financial stuff from SMU. Apparently they don't send that stuff till May >:(
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ElizaB

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Re: Does the lender really matter?
« Reply #47 on: May 06, 2005, 04:01:34 PM »
Hey UT peoples- I finally got my award letter!  I need help!  Who have yall decided on for your lender?  I'm still pretty clueless.  All I know for sure is that I'm not using Educaid.
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Javert

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Re: Does the lender really matter?
« Reply #48 on: May 06, 2005, 06:17:39 PM »
Eliza-- University Federal Credit Union was my choice for the Stafford loans. I'm going to read the fine print when they send me my promisory note, but they appear to be a no fee lender for the Stafford loans.

Also, UFCU claims that they're the biggest lender to UT students (and no other lender claims that, so I'll take it at face value). That implies that they really are the best deal, since student loan seekers tend to be rational consumers concerned with money.
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HippieLawChick

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Re: Does the lender really matter?
« Reply #49 on: May 06, 2005, 06:23:31 PM »
In my experience, students are some of the least responsible people when it comes to money.  I am going to talk to an acquaintance who used to work in the industry and get some info for all of us.