<p>For Columbia, I need to select a lender for my Stafford Loan. I can choose between Student Loan Xpress, Citibank, Nellie Mae, and Access Group, but I don't know what the difference is between each lender. </p>
<p>Are their different benefits that each has to offer?</p>
<p>Have you made a hypotheis on your question?
Did you test the hypotheis?</p>
<p>Realize that the average person spends very little time and effort on researching money but will spend all their time in searching to make money. </p>
<p>you don't currently, live in New York City, do you?</p>
<p>I'm sorry...what? I don't understand you. I live north of NYC...does that make a difference in anything?</p>
<p>I'm just a student and this financial aid stuff is driving me crazy.</p>
<p>hey phantom, I don't think that there is much of a difference between the lenders. The only thing is that each lender has different set of incentives -- for my school I chose a lender who had a 0% origination fee and .25 % repayment reduction with automatic repayment, but some of the other lenders offered .25 -.5 % reductions for repayments.
*** You should call Columbia fin aid office and find out what the difference is between the lenders (for my school the information was included in the fin aid package). </p>
<p>~ Soelma</p>