Zero-Fee Wachovia Education Loan
from Wachovia Bank

The loan is pretty decent in the sense it doesn't charge you processing fees, approval times are fast enough, paper work is not too cumbersome.

It would be much better if the bank could introduce more transparency in interest rate determination.

I got this loan in my second year of college, after going through my first year on my first credit card. My rate wasn't phenomenal on account of the credit card I used to pay for my first year (and hadn't paid off yet), but it was a lot better than the rates friends were getting with other loans.

I heard a lot of horror stories about how hard it can be to get these type of loans, but I was s…urprised at how easy this was.
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This is a great loan and I am really very satisfied with the loan. The application was was quick ,easy, and the approval time was exceptional.
Also their is no fee linked with this loan; it is actually a Zero Fee Education Loan.
Lastly, you also get special savings during your repayment from wachovia.

I got this loan when I was in college. As it says, there are no up front or hidden costs associated with this loan. People with better credit ratings will obviously get better rates.