I recently got my credit scores and got a 750 or above from all three reporting agencies. Before applying for a private loan then, I was pretty sure Access Group would offer me their best rate. I was wrong! They offered me LIBOR + 3.95%. I was almost ready to accept that, thinking that maybe I wouldn't get approved for a better rate anywhere else. I thought, "Hey, if Access Group didn't approve me for the best rate, what are my chances with other lenders?
But I applied with another lender anyway - a private bank - and got LIBOR + 2.85% (while I'm still in school), which later changes to LIBOR + 3.0% once I start repayment.
I figure I saved myself a few thousand dollars over the life of my loan. All it took was me being willing to have one more lender pull my credit score. Earlier, I had been reluctant to have multiple lenders check my credit cuz I heard that each time one of them did it would lower my score. I'm glad I changed my mind.