<p>Trying to decide between these two lenders...anyone have any experience with either?</p>
<p>At Wachovia, we offer great savings to all of our Federal Stafford Loan customers. In addition to providing zero origination fees at disbursement, we also offer great rewards during repayment.</p>
<p>Wachovia Gives You Four Big Principal Reductions:</p>
<p>Instant 1.5% rebate (zero origination fee)
1% rebate at the start of repayment
1% rebate after 12 scheduled payments
1.5% rebate after 24 scheduled payments
When these rebates are combined and applied to your outstanding loan balance, your savings can increase up to 8.69% of your original loan amount over the life of the loan.1 </p>
<p>To qualify for repayment rebates, you simply need to make consecutive, on-time loan payments using automatic payment from your bank account. </p>
<p>Estimated Savings</p>
<p>Because our rebates reduce your total loan balance, you pay less interest over the life of your loan.2</p>
<p>Choose College Foundation, Inc. (CFI) as your Stafford Loan lender, (Lender Code 807037) to take advantage of these cost savings: </p>
<p>No origination fee</p>
<p>Waiver of 1% Federal default fee</p>
<p>Immediate 1% reduction of your interest rate for on-time payments once repayment begins*</p>
<p>1.5% interest rate reduction for making payments by automatic draft and selecting electronic payments** </p>
<p>Here's a link for comparing different lenders:</p>