NO INTEREST LOAN Osfa Mass Form

Instructions and help about NO INTEREST LOAN Osfa Mass

hi folks jonathan from mifa here if you're looking to borrow to pay for some of your college bill you're going to have a lot of choices deciding which loan is right for you may be dizzying so you'll need to know how to compare your options let's start with interest rates remember families should borrow federal student loans first in this video we will be discussing interest rates for private educational loans the interest rate is how much you're charged for borrowing so the lower the rate the better but that's not all you need to know there are two types of rates fixed and variable when the interest rate is fixed that means it will not change for the life of the loan you always know what it will be variable rates can change depending on the market variable rate loans can change their rates once a year once every three months or even once every month and then finally for most educational loans the interest rate you get depends on your credit score so you may see language like rates as l