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- Mar 17, 2010
I'll be entering UT next year as a freshman and I just got my financial aid report in. The only loan I have (the rest are grants and scholarships
) is $808 a semester called a Federal Direct Subsidized Loan. I know absolutely nothing abut unsubsidized, subsidized loans, or loans period.. Also, I've been looking into Stafford loans and the private ones available are
- Interest rates ranging between 3.625% and 11.375%[sup]1[/sup]
- A 0.25% interest rate reduction for auto-debit payments.
- A creditworthy co-signer may increase chances of a lower interest rate.
- Interest Rates as low as Prime + .20%[sup]1[/sup]
- 0.50% interest rate deduction for auto payment[sup]2[/sup]
- Cosigner release option available
- Variable rates as low as 3.75%
- 2% Graduation Reward
- Live customer service 7 days a week
and I know what none of this means. Anyone have any experience with student loans in general...?