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Financial Aid Question
Posted by Preaa22
on April 13, 2016, 4:02 pm
Hello! I am taking out Stafford loans for the first time and have some questions about them. I saw that my Direct Stafford Loan estimate is $20,500. Is this for the first summer semester or for the entire year?
Also, my parents suggested that I take out a loan from Bank of America instead because their interest rate is 3.4% whereas the Direct Stafford Loan interest rate is 5.6%. Would this be a better option?