for reference, i have to apply for my stafford loan through the new york state higher education services corporation (HESC), in case anyone else is also applying through that guarantor.
but i think the issue is probably applicable to most people... when i apply for the stafford loan, i end up with a master promissory note that is fairly generic, except for the name of the lender listed in a box.
where, in print, will i see any of the terms that these lenders all advertise (i.e. no origination/guarantee fees, discount on the interest rate when using automatic checking deposits, or even the THE bonus)? i don't understand why i'm choosing between different lenders if i am never going to see these unique terms on a contract in writing.
hope the question made sense; i really need help with this problem...