Edamerica it is

So I finally got around to calling Edamerica to ask about their deferment policies. The rep was really friendly and knowledgeable and was able to clarify it in no time. Yes, the 1.3% interest rate rebate will be applicable to deferment and yes, the interest will only be capitalized at the end of all continuous deferment. This means that if I defer throughout medical school and residency, then interest will only capitalize at the end of residency. As a result, I won't pay interest on interest. Hallelujah! I'm definitely trying out Edamerica this year for the PLUS loan. It offers the best front-load deal, the terms look good, and I got my question answered in a minimal amount of time.

In regards to the Stafford loans, I've decided to eschew Graduate Leverage and go with the AAMC Medloans program instead. Front-end wise, it's interest rate is slightly higher than GL's, but I prefer their policy of capitalizing only once, and they have much better incentives once I enter re-payment.