<p>I'm planning to accept the Federal Subsidized Stafford Loan. I'm supposed to choose an electronic lender in order to receive the loan. How do I choose a lender? A list of banks is presented, but which do I choose? Should I schedule a meeting with a Financial Aid adviser? Any help is deeply appreciated...</p>
<p>We went out to the different web sites to see what the particulars were for each lender. Some have an origination fee. We went with Discover.</p>
<p>also went with discover: no origination fee.</p>
<p>Just pick whatever bank you currently have a checking/savings account with. All fees were waived for me because of the value of the accounts I currently had with them. (Bank of America, for reference.)</p>
<p>We also went with Discover, no origination fee, and we got a super-low rate based on co-signer’s credit (although it can go quite high if the credit score isn’t that great).</p>