Your loan repayment begins at the end of this grace period. The rate is variable, changing every July 1. The financial institution that lends to you. This can include banks, savings and loans, or credit unions. The actual amount of money you borrowed from your lender.
Interest is charged daily on the outstanding principal balance.
An agency that purchases Federal Stafford and Federal PLUS loans from lenders. This can be an eligible state or private agency. A company that handles all correspondence on a loan, such as address changes, deferment, forbearance, processing and payments. Federal Stafford Student Loan interest rates are based on a Treasury-bill index. Copyright 1998 Brazos, All rights reserved.