Who is the best lender for a student loan?
I have to take out a student loan for my sophomore year of college. Who offers the best options for paying the loan off? I’m probably going to end up needing about 15,000 dollars.
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The answer is: the one that offers you the best terms.
Assuming you are talking about a Federal Stafford loan, much of the terms will be the same no matter who your lender is.
However, in an effort to be competitive, some lenders are offering incentives like reduction of interest points in repayment for auto debit, 36 consecutive ontime payments, etc. Talk with your school’s aid office and ask for more information.
Lenders publish all the details in brochures and online.
Do your homework and you’ll not be sorry!
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For a Federal Loan I used Direct Loans. If you are going for a private loan try Sallie Mae.
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I went through Sallie Mae and Regions Bank
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I don’t know about best, but everyone I know who has Sallie Mae is not happy with them…
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