In Jane Bryant Quinn's Thursday August 12th article in the Washington Post, she explains that since the Treasury Department has started offering Direct Student Loans, other lenders are lowering their prices to compete. Check out:<http://www.washingtonpost.com/wp-srv/business/longterm/quinn/columns/081299.htm>Here's an exerpt -- a tantalizing list of lenders that are offering lower rates. I guess it pays to shop around for a student loan provider now:A few state-linked lenders are slashing effective interest rates, for state residents or students attending in-state schools. In Vermont, the Student Assistance Corp. provides an annual rebate to borrowers equal to 1 percent of their principal balance. The Iowa Student Loan Liquidity Corp. and Wyoming Student Loan Corp. don't charge their borrowers the 3 percent origination fee.-Megan
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