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Living on vs. off campus Comparison (Rates based on 201415 academic year) Print off this worksheet and fill it out to compare residential living to living off campus! Option 1Option 2Option 3South
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What is comparison rates based on?
Comparison rates are based on the interest rates charged by lenders over a specific period of time.
Who is required to file comparison rates based on?
Lenders are required to file comparison rates based on their lending practices.
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The purpose of comparison rates is to provide consumers with a clear understanding of the costs associated with borrowing money.
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Information such as the average interest rates charged, any fees or charges, and the loan terms must be reported on comparison rates.
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