Today, the fee is usually taken out of a student's original loan amount before they even receive it. (studentloans.net)
Principal reductions of 3.3 % (based on original loan balance) after 33 months, 7 % (based on current loan balance) after 48 months. (finaid.org)
There is little point in taking on the new loan if the repayments prove to be higher than the combined original loan repayments. (badcreditloanservices.com)