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- Jul 8, 2007
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I've noticed that some private (not PLUS) loans have the policy that the school must certify the amount, the money then gets sent to the school, and we get the refund check from school. Then other private loans offer to pay the money directly to you and you pay the school yourself and keep the rest for living expenses. Just a few questions:
1. Does anyone know if interest rates are usually higher when the loan is payed directly to the student?
2. Is it a real hassle to wait to get the refunds from your school? In other words, has waiting for that refund ever made you late paying rent or bills or made you live off bread and water for a week because you're flat broke?
I'm trying to decide which loans are better and it's so confusing!!!
Thanks for any feedback!
1. Does anyone know if interest rates are usually higher when the loan is payed directly to the student?
2. Is it a real hassle to wait to get the refunds from your school? In other words, has waiting for that refund ever made you late paying rent or bills or made you live off bread and water for a week because you're flat broke?
I'm trying to decide which loans are better and it's so confusing!!!
Thanks for any feedback!
