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 |
Sallie Mae® 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 | USA Funds | Texas Guaranteed Student Loan Corporation | EdFund |
| Servicer: | ACS | Citibank | Sallie Mae® | Sallie Mae® | ACS | Wells Fargo |
| Federal Default Fee | 0% | 0% | 1.00% | 1.00% | 0% | 0% |
| Origination Fee | 1.00% | 1.00% | 1.00% | 1.00% | 1.00% | 1.00% |
| Total Fee Savings if Amount Borrowed is $10,000: | $100 | $100 | $0 | $0 | $100 | $100 |
| Immediate Upon Repayment |
Bank of America checking or savings account must be open for at least 60 days between student's loan disbursement and first scheduled payment. Theinterest rate will be reduced shortly after the first scheduled on-time payment is received. Once earned, the benefit applies for the life of the loan. |
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| Electronic Statements Required | No | Yes | No | No | No | |
| On-time Payment Requirement | Payment on-time if made within 15 days from payment date to achieve and maintain the benefits |
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| 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. | ||||||