If you are comparing loan offers, you’ll want to compare annual percentage rate (APR) rather than interest rate alone. APR looks at all the costs associated with your loan, including origination, broker, legal and application fees. Many lenders don’t charge any fees at all, but many do. The cheapest option may well involve a fee....
The article Student Loan Origination Fees: Calculate Your APR originally appeared on NerdWallet.
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