Choosing a Prequalified Rate
Information about how to compare your offers, choose a prequalified rate, and complete the lender's application.
By Sparrow1 author23 articles
When and how do I find out about the rates that I’m prequalified for?
How long do I have to decide on my loan offer?
Where can I find my prequalified rates?
How long are my prequalified rates good for?
I didn’t receive any prequaified rates. What are my options?
Do I have to choose an option if I receive prequalified rates from lenders?
I applied for a loan and got an offer. What is the next step?
I got offers. How do I compare them in my Sparrow Dashboard?
What is the difference between fixed and variable interest rates?
How do I check if an interest rate on a loan is annual or monthly?
My Sparrow Dashboard shows me options with different repayment plans. What do the different repayment plans mean?
What are the interest rates on the student loans?
What happens after I explore my loan offer(s)?
How do I choose one of the prequalified rates I receive from a lender?
What if the lender does not support my school?
The lenders I received offers from don’t work for me. What should I do?
I only received a few offers. Are there more prequalification offers coming?
I received a loan offer on Sparrow. How do I ask lenders more questions?
What documents do I need to provide to complete the lender’s application process?
The lender I selected is not responding to me. What should I do?
Can the funds be disbursed directly to me?
Will the loan money be sent to me or my school?
How long will it take to hear back from lenders?