Lender List
A student who wishes to receive a Stafford loan must complete a Free Application for Federal Student Aid (FAFSA) www.fafsa.ed.gov and a master promissory note (MPN). Depending on the loan program, he/she may obtain an MPN from a school, a lender, guaranty agency, or ED. An MPN can be used to make multiple loans over several years of borrowing. This is a list of lenders; however, borrowers may choose to have their loan(s) processed through any participating lender of their choice.
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Sallie Mae
P.O. Box 9532 Wilkes-Barre, PA 18773-9532
Toll free: 888-2-SALLIE (888-272-5543)
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Student Loan People |
| Citibank P.O. Box 4872 Frankfort, KY 40604-4872 800-564-6068 www.citibank.com |
Alabama College Loan Program |
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Discover Student Loans
Great Lakes - Borrower Services
P.O. Box 3059
Milwaukee, WI 53201-3059
Great Lakes processes all payments on behalf of Discover Student Loans. Call Great Lakes at 1-800-236-4300 for payment stubs to ensure your payment is credited to the proper account. Or login here to make a payment online.
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NelNet Academic Loans
845 Highland Terrace NE
Atlanta, GA 30306
E-mail: Click here to send an e-mail. Toll-free phone: 877-804-3603 |
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Regions Education Loan Center |
Wachovia Education Finance Toll Free:(877) 689-0763 |
Alternative Loans (Student)
Private loans are used to bridge the gap between what you have been awarded in federal aid and any remaining balance. These loans usually have higher interest rates. Students (or cosigners) must have a good credit history to obtain alternative loans. Most loan programs will allow students to apply with a credit-worthy cosigner. For more information, check out the lenders and programs listed below.
This is a list of lenders; however, borrowers may choose to have their loan(s) processed through any participating lender of their choice. To apply for a loan or for more information about the loan program, click on the name of the bank listed below.
- Loan: U.S. Bank No Fee Education loan
- Enrollment requirement: can be less than half-time
- Available for degree-seeking students
- Can be used to cover prior semester balance
- Loan: Wells Fargo Collegiate Loan
- Enrollment requirement: can be less than half-time
- Available for degree-seeking
- Can be used to cover prior semester balance (up to one academic year)
- Loan: PNC Solution Loan
- Enrollment requirement: can be less than half-time
- Available for degree-seeking
- Can be used to cover prior semester balance
- Loan: Discover Bank No Fee Education loan
- Enrollment requirement: can be less than half-time. At least half-time is required for loan deferment.
- May be used to cover prior semester balance
- Non co-signor and co-signor options available
- 2% Graduation Reward upon entering repayment
- 0.25% repayment interest rate credit when payments are set up for automatic debit from a bank account
- Loan: Chase Select Private Student Loan
- Enrollment requirement: can be less than half-time
- Can be used to cover prior semester balance
- No origination or repayment fees
- No payments while in school
- Loan: Xtra Credit Alternative Loan
- Can be used to cover prior semester balance
- Loan: Academic Answer
- Loan: Sallie Mae Smart Option Loan
- Enrollment requirement: can be less than half-time.
- May be used to cover prior semester balance
- 0.25 % point interest rate reduction is available for automatic debit
- 0.25 % point interest rate reduction is available if the borrower provides a valid email address and elects to receive all servicing communications via e-mail
- Borrower may apply for a cosigner release after successful completion of their education
- This loan requires monthly interest-only payments while student is enrolled in school
