Student loans come in all shapes and sizes, some good ones and some really bad. Compare the APR, which includes any additional fees to the loan, instead of just the loan’s “rate.” Talk to a financial advisor that you trust and get opinions on fixed rates versus variable rates. If the current rates are really great, consider a fixed rate. If they look like they might drop, go for a variable rate. Look out for any additional fees and suspicious origination fees.
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A LOZO expert posted this tip. |