TuitionU.com

Latest post Mon, Jul 7 2008 7:02 AM by GuilTTy. 5 replies.
  • Fri, Apr 25 2008 3:20 PM

    • David
    • Top 10 Contributor
    • Joined on Fri, Apr 11 2008
    • Scottsdale, Arizona
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    Lender Rating and Review List

    Add any requests or suggestions to the Lender Rating and Review List - Including any lenders you would like to see on the list. 

    "Buy the ticket, take the ride!" - Raoul Duke, Fear and Loathing in Las Vegas

    • Post Points: 10
  • Wed, Jul 2 2008 5:08 PM In reply to

    • artcat
    • Top 25 Contributor
    • Joined on Thu, Jul 3 2008
    • Posts 3
    • Points 35

    Re: Lender Rating and Review List

    Is the US Dept. of Education still a lender?  Seems to me that I used to have loans with them (prior to consolidating with another lender).

    • Post Points: 10
  • Wed, Jul 2 2008 5:18 PM In reply to

    • artcat
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    • Joined on Thu, Jul 3 2008
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    Re: Lender Rating and Review List

    aaaah, now that I've looked a bit closer, I think the US Dept of Education program is listed b/c I think it is more specifically called the William D. Ford Federal Direct Loan Program. That sounds familiar... the Direct Loan Program is administered by the US Dept. of Education, right?

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  • Wed, Jul 2 2008 5:28 PM In reply to

    • SOTOM
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    • Joined on Thu, Jul 3 2008
    • Rancho Cordova
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    Re: Lender Rating and Review List

     Yes, artcat, I believe you are correct!

     

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  • Thu, Jul 3 2008 8:48 AM In reply to

    • David
    • Top 10 Contributor
    • Joined on Fri, Apr 11 2008
    • Scottsdale, Arizona
    • Posts 58
    • Points 205

    Re: Lender Rating and Review List

    @artcat and @SOTOM

    Yes, you are both correct!  We also went back and forth on the name.  Since we are a neutral site, we felt it was appropriate to represent the direct lending program under its official name William D. Ford Federal Direct Loan Program.  Though most everyone refers to it as Direct loans! J

    Thanks for your feedback!

     

    "Buy the ticket, take the ride!" - Raoul Duke, Fear and Loathing in Las Vegas

    • Post Points: 5
  • Mon, Jul 7 2008 7:02 AM In reply to

    • GuilTTy
    • Top 25 Contributor
    • Joined on Mon, Jul 7 2008
    • Calabassas, CA
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    • Points 20

    Re: Lender Rating and Review List

     Hi Artcat,

    I don't think it works the same with lending from the Department of Education.  I think if your college uses their program, your loan is automatically "borrowed" from them and when you start paying the money back you p[ay the money directly to the Department.  I've also seen that loans form them are more expensive to pay back.

     

    • Post Points: 5
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