<p>Cookie Cutter thread alert!
Ok, before any of you go "check your college's list of reccomended lenders", the school I'm attending in the fall (UW-Madison) has no such list. When I call and ask, they respond with "It doesn't matter, all the lenders are the same."</p>
<p>Clearly, not all the lenders are the same. The lenders differ in many ways in the repayment process with all sorts of discounts if you pay on time in the form of cash backs or whatnot. Meanwhile, I'm trying to muddle through these to see in which one can I save the most money and bunch of other factors.</p>
<p>So... which of the major lenders (All those big corporations) has the better deal?</p>
<p>After my daughter got herself completely confused over this same question she asked for my help. Now I'm the one stressing over all the choices out there. As of yesterday I'm leaning toward edamerica, but I've been leaning toward a few others in the past few weeks too! I started another thread asking for input on them but haven't had any response as yet. </p>
<p>I read on another thread that you should focus on repayment incentives as all else is mandated by the fed. gov.</p>
<p>My daughter is going to Eastern University in St. Davids, PA. They have a preferred lender list of 7 lenders and that's enough to try to sort through yet alone not having your school give you any suggested starting point. Could you maybe check out the lists for some other schools in your state? I know for some lenders it doesn't matter where you are located but some are state specific.</p>
<p>I'd love to see any tips or info you come up with. Good Luck!</p>
<p>Thanks justamom for the info..</p>