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No Fee Stafford Loans for Undergrads?

Discussion in 'Financial Aid' started by paean, Jun 11, 2002.

  1. paean

    paean Senior Member

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    There are three lenders I know of that offer no fee stafford loans for med students:

    nowloans.org
    accessgroup.org
    northstar.org

    However, none of them offers loans to undergraduate students at my boyfriends school. We're looking for him for his last year in college, and after discovering all these great lenders for med school, we can't stand the idea of paying 3% fees just because he's still an undergrad. Know of any other lenders who don't charge origination or guarantee fees?
     
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  3. analu

    analu Senior Member

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    Just a note that nowloans.org doesn't offer financing for allopathic medical education, just osteopathic for now. Confirmed this with loangrl, but I hope they're working on it! :)
     
  4. paean

    paean Senior Member

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    Thanks analu for the NowLoans clarification.

    I spent some time looking for a no fee lender, and found more options for med students:

    <a href="http://www.nationaleducation.com" target="_blank">www.nationaleducation.com</a>
    <a href="http://www.CitizensBank.com" target="_blank">www.CitizensBank.com</a>
    <a href="http://stage.mymedsolutions.com" target="_blank">stage.mymedsolutions.com</a>

    I was about to give up, when I discovered the following for undergrads:

    <a href="http://www.studentloan.org/" target="_blank">http://www.studentloan.org/</a>

    They lend with no fees and a 2.5% interest reduction after 48 months. Unlike the other loan servicers with a state name in the title, the Iowa Student Loan people appear to lend to non-residents attending out of state schools. <img border="0" alt="[Clappy]" title="" src="graemlins/clappy.gif" /> <img border="0" alt="[Clappy]" title="" src="graemlins/clappy.gif" />

    There are several states that give no fee loans to residents. I found: Penn, N Carolina, Washington, Maine, W. Virginia, Delaware and Rhode Island, so if you live in one of those, check it out. The Penn & NC programs looked really good, but were of no use to a Californian.
     

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