Jul
31
If you are applying for a private student loan, you might wonder how lenders arrive at the interest rates they charge on your loan. Contrary to popular belief, lenders don’t just pull a number out of thin air. In fact, they use one of two financial indexes to determine the interest rate that is then extended to borrowers. The two rates are the Prime Rate and the LIBOR Index. View full post on Student Loans : News, Updates and Blog Posts