Monday, February 04, 2008

Chase cuts rates and fees

Here's something to consider if you're currently shopping around for a student loan. According to Reuters:

Chase Education Finance said it will waive the origination fee on Stafford loans and the 1 percent default fee on Stafford, Parent PLUS and Grad PLUS loans.

It said it will also reduce the interest rate on all three loans by one-tenth of a percentage point if it makes, services and retains the loans.