What additional fees, interest reductions, or other incentives are offered during the life of the loan? If any, do these conditions vary based on credit rating, academic level, or availability of a cosigner?
When are late charges assessed, and how much are these charges?
How is my loan capitalized — annually or only at repayment?
Repayment terms and conditions
What are the minimum and maximum terms and payment amounts?
When do payments begin?
Can interest-only payments be made while still in school?
Is there a penalty for paying off the loan early?
Does the lender offer combined billing of alternative and federal loans?