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www.fredonia.edu : Financial Aid : Stafford Loan

Stafford Loan

Recommended Lender List

Federal Stafford Loan Recommended Lender List Our list of recommended lenders for your Federal Stafford Loan is listed below. The following lenders disburse funds electronically to our school. This allows funds to be posted directly to your student account. Please make note of your selected lender's name and lender code and then click on the "Apply Now" button. You will be directed to the guarantor's website, HESC.com to begin the eSignature process for the Stafford MPN (Master Promissory Note). If you have any questions, you are encouraged to contact the Financial Aid Office. As a borrower, you should know that you have the right and ability to select the lender of your choice regardless of the recommended lender list referenced below.

Borrower benefits are subject to change solely at the discretion of the lender.

Lender Information Loan Servicer Borrower Benefits Select
Bank of America
www.bankofamerica.com/
studentbanking/index.cfm?
template=stb_stafford_loans

800.835.1161
Lender Code:831495
  • ACS
  • .25% Interest Rate Reduction for Bank of America checking or savings account customers.
  • Once earned, the interest rate reduction remains for the life-of-the loan.
  • Auto-debit payments are not required.
  • Free CampusEdge Checking for five years.
Apply Now!

Chase (JPMorgan Chase Bank, N.A.)
www.ChaseStudentLoans.com
800.487.4404
Lender Code: 803000

  • Loans are originated and serviced internally by Chase
  • All Chase-serviced loans, including private loans, are combined into a single bill
  • Chase does not sell its Stafford loans originated under this lender code
  • 0.25% interest rate reduction for borrowers who elect to have their monthly payments automatically deducted from a bank account.
  • Flexible repayment terms.
  • Chase may sell its loans to the U.S. Department of Education and the U.S. Department of Education may continue to honor the automatic payment interest rate reduction.
  • Borrowers may be able to defer payments while in college, unemployed or experiencing economic hardship.
  • Chase has more than 40 years of experience in the student loan industry.
  • See web site or call for important terms and conditions. Benefits apply to loans originated and serviced under lender code 803000.
Apply Now!
Citibank
www.studentloan.com
800.967.2400
Lender Code:826878
  • Citibank
  • 0.50% automatic interest rate reduction when you enter repayment.
  • 0.25% interest rate reduction when you enroll in our auto-debit payment program.
  • Unlimited opportunities to earn back the automatic rate reduction benefit if it is ever lost due to late payment.
  • Deferments and flexible repayment options available.
  • Citi Identity Theft protection services free to all Citibank borrowers.
  • Life of loan servicing with Citibank from origination to repayment.
Apply Now!

Edamerica
www.edamerica.net
800.337.1009
Lender Code:831453

  • Edfinancial Services
  • 0% to 1% default fees based on guarantor.
  • .25% interest rate reduction with auto-debit.
  • One point of contact for life of loan servicing.
  • Combined billing available.
  • 20 years of expertise concentrating solely on student loans.
Apply Now!
Other Lender
  • N/A
  • If you wish to borrow with a lender not listed above, please apply here.
Apply Now!

Page modified 7/5/08