<p>Hi all,
I need some advice. We are helping our daughter with her financial aid packet and she will be taking out the $5,500 in student loans that they have offered. </p>
<p>Does anyone know which student loan lenders are the best?</p>
<p>We called the financial aid office at my daughters college but they said they are not allowed to recommend one lender over another.</p>
<p>In everyone's experience out there...is one Lender better than another??</p>
<p>Thank you all! :)</p>
<p>[Discover</a> Student Loans - Apply online for college loans](<a href=“http://www.discoverstudentloans.com%5DDiscover”>http://www.discoverstudentloans.com) did not take out any origination or guarantor fees from my son’s stafford loan.</p>
<p>Oh! Thank you…just the information we are looking for.
Anyone else have any suggestions?
:)</p>
<p>why not home equity loan?</p>
<p>Are you going to co-sign?</p>
<p>If so, make sure the lender you choose will release the co-signer after a certain period of on-time payments. Some <em>never</em> release the co-signer, and this is obviously a bad thing because you will be on the hook forever.</p>
<p>I used this site to get a lot of good information (I did not use it to get a loan, so I am not endorsing it at all, but I liked the way they laid out the information): </p>
<p>[url=<a href=“http://www.simpletuition.com%5Dwww.simpletuition.com%5B/url”>http://www.simpletuition.com]www.simpletuition.com[/url</a>]</p>
<p><edit> For private loans, Discover does not do a co-signer release.</edit></p>
<p>Just realized you are probably talking about a Stafford, so co-signer isn’t an issue.</p>
<p>amother - a home equity loan is in the Parent’s name while the Stafford loan is in the student’s name.<br>
While the HE interest may be lower - a Stafford is basically free money until graduation for subsidized loans and it won’t cause foreclosure.</p>
<p>^Also, Stafford loans can be forgiven in certain cases. No forgiveness on the mortgage!</p>