UNDERSTANDING THE LOAN OFFER
- Understanding the interest rates (APR, simple interest rate and effective interest rate)
- How is my interest rate determined?
- When does interest start to accrue on the loan?
- Why is APR important?
- What is the 3-month LIBOR rate?
- What happens if disbursement date falls after payment is due to the school?
- Can I change (reduce/increase) my loan amount after accepting the Provisional Offer from Prodigy?
- Can I redirect the loan to attend a different school?
- Until when can I withdraw from (cancel) the loan?