You'll have a long-term relationship with the company you choose, so don't take this decision lightly. Keep on reading for some pointers. Ask prospective lenders how long they take to process your student loan application and disburse your funds.
Different lenders provide different levels of service.
Your financial aid office may be able to help you verify this information. Find out if your lender sells its loans and to whom. Some lenders own your loan until it is completely repaid. The terms of the loan will remain the same, but you will make payments to the new holder. The ideal lender collects its own loans or sells to only one secondary market.