<p>I applied to Wells Fargo for a student loan and I'm applying for a loan at Bank of America right now. Preferably low interest rate and to pay back six months after college graduation.</p>
<p>Borrow from relatives.</p>
<p>We did Chase’s student loan. We got about a 6% interest rate. I don’t know what’s best generally speaking, but my parents liked Chase best because there were no penalties for early repayment, we got a good interest rate, it’s deferred until 6 months after graduation, they had the option to make interest payments for me, and the cosigner is released after some period of consecutive on time payments.</p>
<p>The best we found was the Discover student loan. The rate right now is anywhere from 4.25% to 11.25% depending on the co-signer’s credit score. Has the same terms as the Chase loan as far as no pre-payment penalty, and deferred repayment until graduation + 6 months (I think these are standard for all student loans). No origination fees, and a 2% graduation reward. It was also super easy and fast to apply for.</p>
<p>I’m not sure, but I think borrowing from relatives may be considered as income or resources if you’re getting financial aid, so be careful with that one.</p>
<p>Whatever bank you use for your general banking needs, such as checking/savings/CD’s. They are more likely to give you a better rate and special features since you already are holding money with them.</p>
<p>Otherwise they’re all basically the same. It’s good to keep all your money in the same place (well, so to speak, in this sort of a way).</p>