Key vs Access Group

[alm4rr]

talking @ $35,000 total over several years

Key:
libor + 2.65%
.25% auto payment rate deduction
no fees
10-Year Term = 3-Month LIBOR plus 3.00% during repayment
15-Year Term = 3-Month LIBOR plus 3.40% during repayment
25-Year Term = 3-Month LIBOR plus 4.10% during repayment
Each month borrowers can choosing payment tied to 10, 15 or 25-year repayment period.
-or-
Interest only payments first 2 years followed by principal and interest for the balance.
payments start after 9mos.
No prepayment penalties

OR


Access:
libor + 2.75%
.25% auto payment rate deduction
.5% 4 year ontime payment reduction (in effect 4th year 1st month)
Borrowers may customize the repayment period from 0-20 years.
No fees
payments start after 9mos.
No prepayment penalties

Any tips I need to get more info on or research before getting closer to signing any notes is greatly appreciated...

Thx

 

[alm4rr]

Going to talk to the finaid lady on Monday, but Access seems more attractive with constant libor + during repayment... Have to call access on Monday, too

 

[HonkeyDonk]

k

 

[ElFenix]

i go with access