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Posted by / 26-Jun-2016 13:56

Often, the introductory rate on a variable-rate loan is lower than that of a fixed rate loan, though it has the potential to increase later.

Borrowers may select any term offered by a lender regardless of the current loan term.Disclosure: Student Loan Hero is a free website to help student loan borrowers.We only evaluate lenders and do not issue student loans.Student Loan Hero is not a lender or investment advisor.We are not involved in the loan approval or investment process, nor do we make credit or investment related decisions.

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If approved for this benefit, the lender will put the borrower's loans into forbearance, suspending their monthly loan payments.

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