Childe

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15+ Year Member
Jul 25, 2003
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Medical Student
Posted this in Fin Aid, but no one reads that forum, so:

Hey guys,
I'm researching a lender for my stafford loans. Trying to figure out which offers the best savings out of the lenders on my schools list.

For instance:
ASLA (asla.state.ar.us)
Fees: 2%+1%
Rate Deductions: 1% for autodebit, 2.5% for 48 payments

AAMC (www.aamc.org/medloans)
Fees: 3%+.5%
Rate Deductions:
Cash Back/principal reduction: 3.5% (graduate) + 4.5% (33 payments)

Acapita (www.acapita.org)
Fees: 0%
Rate Deductions: .25% autodebit, 2% 36 payments


I'm just confused as to what is better, fee reduction, rate reduction, or principal reduction?

Also any other good lenders with better programs?