Some lenders may offer private loans that feature a variety of interest rates. A subsidized Stafford loan is awarded on the basis of financial need . An unsubsidized Stafford loan is not awarded on the basis of need. You ll be charged interest from the time the loan is disbursed until you have completely repaid it. If you choose to pay the interest as it accumulates, you ll repay less in the long run.
Different lenders provide varying levels of service.
For example, one lender may process your loan more quickly than another. Plus, some lenders own your loan until you've completely paid it off while others sell your loan and transfer it to another holder. Lenders may offer varying repayment options and incentives. In addition, some lenders offer both federal and private loans, while others offer only federal student loans. That means we can provide better service than other lenders.