<p>My apologies if this has been covered before. This is my first post.
We learned recently from our NH State agency ( NHHEAF ) that student loans that use parents as co-borrowers are no longer being offered. These loans had the advantage of being fixed rate and not due until 10 months after the student graduated.</p>
<p>I'm sure that these loans have a formal name that escapes me right now.</p>
<p>Thus far, the most similar type of loan I've been able to find has a variable rate and payments begin immediately...not after graduation.</p>
<p>Doug, Welcome but I have no idea what type of loan you are talking about. It must be a NH thing or a private loan but we have never been offered anything remotely similar. Staffords, both sub and unsub, and Plus is all we ever see except for private loans. Any more info you can share about the loan? Maybe a link?</p>
<p>In the end, the best I could do was a private loan found on simpletuition.com.</p>
<p>Payment is deferred until graduation....though interest accrues from date of loan. I'm the co-borrower...and the rate is variable 4.5% at the lowest...8.95% at the highest. </p>
<p>The loan is coming through Wachovia. Other options found on simpletuition.com had variable rates with approx 14% ceiling</p>