KHESLC Parent Student Loan Review

KHESLC provides one of the most desirable parent loans out there, especially when it comes to repayment. They offer a full deferment in-school repayment option, allowing you to start repaying the loan after the student graduates. Other lenders require payments to begin while the student is still in school. After the student graduates, you can select a graduated repayment plan or level payment plan. If you run into financial trouble, they offer a partial forbearance option, allowing you to lower your monthly payments without letting your loan balance grow out of control. 

When it comes to overall costs, their rates are below average and they don’t charge any fees. However, if you’re looking to take advantage of swings in the interest rate market, note that KHESLC only offers fixed-rate loans.

The biggest drawback to KHESLC, however, is their customer service. If you have a question, ask it on a weekday during normal business hours, because they don’t have weekend or evening call centers open. If you’re curious about your rate before applying, they’ll perform a hard credit inquiry before giving it to you (something many other lenders do not do).