Preferred Lenders List for Stafford Loans
Please note the student may choose any eligible lender and the University will process the student's request. The University Preferred Lenders list is reviewed quarterly, to include lenders that offer additional borrower benefits, have exceptional operating standards, possess technology wherewithal, and are committed to providing outstanding service and expedited processing by meeting or exceeding established performance standards. For additional information on method and criteria for selecting a preferred lender, please click here.
| Lender: | Bank of America (888) 875-0024 Lender Code: 831495 |
Citibank (800) 967-2400 Lender Code: 826878 |
Fifth Third Bank (888) 777-9959 Lender Code: 808780 |
Nelnet (888) 486-4722 Lender Code: 833669 |
Sallie MaeŽ Education Trust (888) 777-9959 Lender Code: 802218 |
Wachovia (800) 338-2243 Lender Code: 830005 |
Wells Fargo (800) 658-3567 Lender Code: 807176 |
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| Guarantor: | EdFund | Educational Credit Management Corporation | USA Funds | College Assist | USA Funds | Texas Guaranteed Student Loan Corporation | EdFund |
| Servicer: | ACS | Citibank | Sallie MaeŽ | Nelnet | Sallie MaeŽ | ACS | Wells Fargo |
| Preferred Lender Affiliations | None | None | Sallie MaeŽ | None | Fifth Third Bank | Wells Fargo | Wachovia |
| Federal Default Fee | 1% | 1% | 0.50% | 0.50% | 0.50% | 0% | 1% |
| Origination Fee | 0.50% | 1% | 0.50% | 0.50% | 0.50% | 0.50% | 0.50% |
| Total Fee if Amount Borrowed is $10,000: | $150 | $200 | $100 | $100 | $100 | $50 | $50 |
| ACH | None |
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None | None |
| Electronic Statements Required | Yes | No | No | ||||
| The lender reserves the right to modify, extend, or discontinue these benefits at any time without notice. Borrower benefits may be terminated in the event of a default or failure to meet qualification criteria. | |||||||
