<p>I have a federal Stafford subsidized loan. I'm clueless about these lenders.</p>
<p>What is everyone's experience with the following lenders:</p>
<p>College Board College Credit
Sallie Mae
Edamerica</p>
<p>Which one is the best? I'm a first-time Stafford borrower.</p>
<p>edamerica (2% origination fee)</p>
<p>Smart Pay <a href="http://www.edamerica.net/payingback/smartpay.aspx%5B/url%5D">http://www.edamerica.net/payingback/smartpay.aspx</a></p>
<p>College Board College Credit is sponsored by Sallie Mae, but they give incentives if you make 33 consecutive payments unlike Sallie Mae's 48. They both have a 3% origination fee. edamerica also has special incentives if you make 33 payments.</p>
<p>College Board College Credit:
Automatic Debit
Great Rewards
Cash Back</p>
<p>Sallie Mae:
Automatic Debit
Great Rewards
Cash Back</p>
<p>Stay far away from Sallie Mae.</p>