I was going to do a private loan at 7.5, it would go down a .5% pt after 2 years and .25% after electronic debiting. The Grad Plus with Access Group goes down 1% pt after your first payment and .25% if you do electronic debiting. So that would be down to 7.25%. I think the slightly higher interest rate is worth it for the stability instead of dealing with variable rates. At least for me, I don't have perfect credit but I have good credit. GW hasn't posted anythign specific about the Grad Plus loan but Access Group is a preferred lender for them. If anyone has any thoughts or if I should check out another lender, please let me know.
the lenders' info is on their website as having credit over a certain standard affords you the same rates as everyone else. you can only apply with ONE.