<p>I'm looking at the preferred lenders sheet for S's school. Only one has stated that there is zero prepayment penalty. Do most student loans have prepayment penalties? This is for Stafford.</p>
<p>no, most don’t have that. that is nonsense.</p>
<p>[Discover</a> Student Loans - Apply online for college loans](<a href=“http://www.discoverstudentloans.com%5DDiscover”>http://www.discoverstudentloans.com)</p>
<p>no origination fees, no guarantor fees, no prepayment fees.
no I don’t work for them, just a customer</p>
<p>Thanks - Discover was the one we were leaning towards.</p>
<p>if they are not on your preferred list, you might have to provide the following info to your FA office.</p>
<p>Discover’s lender code is 831312
the guarantor is Great lakes code 755
there might be a form your FA office will have you fill out.</p>
<p>Stafford Loans never have an early repayment penalty.</p>