<p>Has anyone had any experience with College Board (Sallie Mae) or Edamerica? I need to choose a lender by today, but I'm not sure which one I should choose. Both sound good, but I can only choose one....</p>
<p>Edamerica:
At Edamerica they do one thing - student loans. They make higher education affordable for Keller students and families through specialized loan products that benefit all borrowers. The SmartPay Rebate on Stafford Loans rewards qualified borrowers with a 4% interest rate reduction after your first 33 on-time payments. What's more, Edamerica gives borrowers a break with a 1% reduction on Stafford Loan origination fees; borrowers receive a bigger check up front. Combined with the 4% SmartPay Rebate, borrowers save a whopping 5%. Choose Edamerica as your lender and enjoy extraordinary life-of-loan servicing through Edfinancial Services - your point of contact from origination through repayment. To apply online for an Edamerica loan, visit their web site or call toll-free at 1-800-337-1009.</p>
<p>College Board:
Benefits of College Board Stafford Loans
Get 3.3 percent of your original loan amount returned to you as cash or an account credit!* Students qualify by making their first 33 monthly payments on time and prior to entering repayment, signing up on Manage Your Loans, Sallie Mae's online account management tool, to receive account information by email.
Quality customer service when you need it most.
Flexible repayment plans to make your repayment as smooth as possible, including reduced payment plans, deferment and forbearance options, and loan consolidation.
Fully automated service with online account access, electronic billing, and automatic payment options.</p>