Why Would You Go to a Financial Coach Rather Than a Financial Adviser?
You should look at the interest rate that is charged and make sure that it is fair. If it is not, you may find that you end up paying a lot more for a loan than you intended. In fact, you may actually find that you pay more in the long run if you apply for a loan through an online lender than you would have otherwise. Faq
Federal and Private Loans
Since interest rates can vary from lender to lender, you should also investigate whether or not they have a grace period after which you are not going to have to pay interest. the full amount of the loan until the interest rate is fixed again. Some lenders will charge a fee if you wait until you have a period of time before the interest rate is locked in. You will want to make sure that you are not charged more for a loan than you can afford.
One thing you can do to get lower interest rates is to start taking out loans with a co-signor. This is a legal way to help with paying for a loan when you are responsible for your children’s education.