<p>For Stafford (subsidized) loan Oberlin lists 4 lenders (Sallie Mae, Chase, Citibank and Wells Fargo). Other than a small reduction in interest if you use auto pay are there any recommendations people can give about these lenders? A friend uses Sallie Mae at another school and has no complaints. Not sure if the economic meltdown has had any special adverse effect on any of these more than the others...</p>
<p>We have been using Wells Fargo for 2 different kids at 2 different schools. The older boy has graduated and has started repayment. No problems at all with that lender.</p>
<p>Thanks Shennie, I hope that not hearing from others about these lenders means they are all basically OK. Happy for your sake that it has gone smoothly!</p>
<p>We are currently using Chase; the process so far was very easy.</p>
<p>Thanks jg0039. Glad its been an easy process for you and that Chase has treated you well. S1 did the process yesterday and other than going through the hassles of filling it all in and not being clear about what happened next (after signing the promissary note the lender contacts Oberlin directly automatically and sets up the rest of the subsidized Stafford loan) it went fine.<br>
I read in the book “Paying for College Without going Broke” that some lenders give kickbacks to schools for promoting their institution – I don’t even mind a small amount of this as long as the loan isn’t a “bad deal” for the student and its the school itself that benefits not the personal pocketbooks of the financial aid staff.
Anyway, the feedback is much appreciated.</p>