Preferred lenders for loans

Discussion in 'Medical Students - MD' started by nicolette, Apr 24, 2000.

  1. nicolette

    nicolette Member

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    Med students, which preferred lender did you choose and why? I'm trying to decide and the terms of several lenders seem very similar and I'm a bit confused by all the fine print. Is MEDLOANS the most commonly used lender?

    Thanks in advance.
     
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  3. G3

    G3

    I'm not sure about medloans, but I know there are a # of loan agencies with high origination fees and interest rates so I'm searching out nonprofit loan agencies to keep the costs down. Anyone got any tips?
     
  4. kd

    kd Senior Member

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    T.H.E. has 0% origination and 0% guarantee fees on both subsidized and unsubsidized Stafford. It's a non-profit that is my school's preferred lender and I've heard nothing but good things about them. The URL is <a href="http://www.northstar.org" target="_blank">www.northstar.org</a>
    Avoid Wells-Fargo at all costs. They do have 0% guarantee and origination fees, but they capitalize your interest TWICE on your unsubsidized loans, so you end up paying way more interest than you should.
     

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