10 Month Payment Plan
|
18-72 Month Education Loan
|
10 equal monthly payments |
Lower monthly payment |
No payment in full discount (if offered) |
Qualifies for payment in full discount (if offered) |
Usually a fee ($38 - $200) |
Fixed rate based on length of loan |
No credit check |
Good credit required |
| Bottom Line: |
Bottom Line: |
| Higher payments, but lower total cost. Locked into higher monthly payment. |
Lower payments, may be higher cost (depending on term, discounts offered and savings on billing fee). |