<p>MomCat2;</p>
<p>You’re exactly right - I applied for a Student Loan for Parents. I’ll switch and apply for a Collegiate Loan and become a co-signer. It appears that I’ll save another .5% in the process. Thanks much!</p>
<p>One question though - the features tab at <a href=“https://www.wellsfargo.com/student/loans/undergrad/collegiate#eligibility[/url]”>https://www.wellsfargo.com/student/loans/undergrad/collegiate#eligibility</a> says this:</p>
<p>“If you’ve received all the federal loans you’re eligible for and still need additional funding, you can use a Wells Fargo Collegiate Loan to borrow up to the entire cost of your education. Or you may use this loan instead of a federal loan if you enrolled less than half-time or did not complete the FAFSA.”</p>
<p>An unsubsidized Stafford loan ($5,500) is available to us, he will be a full-time student, and we completed the FAFSA (back in the wishful-thinking days!). Does that requirement force us to take out the Stafford loan with it’s high fixed rate and 4% origination fee?</p>