Just an FYI to everyone still figuring out which lender to use for GradPlus...
I spent a lot of time looking at myrichuncle.com because they drop the 8.5% rate down to 6.5% at repayment and offer some other benefits. Sounds great, right?
Well, they expect payments to begin 60 days after DISBURSEMENT. Meaning two months into 1L. Hmmm....I called to confirm, and yup, this is the case. Obviously unrealistic unless people have seperate accounts or parents to pay off their loans while in school. The person on the phone suggested private loans as they do have a diferment periods - but I want to do GradPlus.
Anyway, just a warning as it took me a while to catch this little clause. Also, I did send an email since the person on the phone did not seem 100% knowledgable on the subject - I'll update this if I find out something different.