“Private student loan discounts are available from lots of different banks and lenders, and many offer breaks on loan fees or interest rates. To compare the cost savings involved in private student loan discounts, follow these few tips we found helpful when comparing student loan discounts.
Find out if the discount options will remain in place if your student loan is sold to another company. (This can happen several times in the life of a student loan.)
Private student loans vary widely in costs, and they can be tricky to compare. Even a seemingly objective resource like SimpleTuition.com only includes lenders that pay to be listed.
In many cases you won’t see the real terms of your student loan until you’ve already signed up for it, and the cancellation process is usually difficult and hidden in fine print.
If you find a good rate on a private student loan, keep talking to other lenders, and see if they will beat that rate.
Make sure you get the final deal in writing, and that you understand the limitations and restrictions of the loan.”
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