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LENDER SELECTION
Our office completed an annual comprehensive review of
Stafford, Parent PLUS, Graduate PLUS, and Private Student
Loan providers in March 2009, in an effort to assist you
in making informed choices on the best lender option for
you, as well as to meet the U.S. Department of Education
federal guidelines. This review is based on various criteria,
some of which include pricing, repayment benefits, life
of loan ownership, life of loan servicing, real time processing,
rates of approval, processing reliability, quality of
customer service, and long-term commitment to fund loans
to Samford University students. Listed below are the lenders
that we feel would be most beneficial to you in meeting
the costs of your college education, based on these results.
However, you are free to choose any lender who participates
in the Federal Family Education Loan Program and by no
means does Samford University expect or require you to
utilize any of the lenders listed below.
Please note that many lenders
from previous years may not be listed, most likely because
they are no longer participating in the student loan program
or may be out of business. If further changes occur, we
will update this listing accordingly. In addition, if
you choose to use a lender that is not listed below, you
will need to provide our office with contact information
and a lender code so that we may process your loan(s);
be aware that there may be a delay in this processing
and receipt of loan funds if your lender does not participate
in EFT or electronic loan processing.
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