Rates for new borrowers are adjusted each year, however, and
different types of borrowers (undergrads, grad students and parents) pay different rates.
Although these rates may be appealing, they don't show the whole picture on the actual costs and the reliability of the lenders, which is why we have evaluated dozens of lenders in Kansas to find the best lenders for
different types of borrowers.
To understand the subprime lending boom, we must first define
the different types of borrowers that exist in the today's housing market.