Stafford Loans

 

Stafford Loan Lender Comparison Chart

The following list has been compiled for the student's benefit but in no way limits his choice to the lenders below. The lenders have been selected based on financial stability, high customer service rating, service for the life of the loan, and student benefits.

Typically Stafford loans have fees up to 1.5%. Lenders may charge an origination feeof 0.5%. There is an additional default fee of up to 1%. Stafford Loan Terms
Click on a lender below for more information and to complete a 
Master Promissory Note (loan application).
Lender Side-by-Side Comparison Tool
TMC Code of Conduct

Lender
Lender Code
Loan Servicer
Special Benefits


(877) 728-3030
831453 Great Lakes
  • 0.25% Auto Debit Reward.


(888) 272-5543*
831453 Edfinancial
  • 0.25% interest rate reduction for auto-debit.
  • One point of contact for life-of-loan servicing.
  • 20 years of expertise concentrating solely on student loans.
  • Benefits guaranteed for the life-of-the-loan.


(888) 272-5543*
833669 Nelnet
  • 0.25% interest rate reduction with auto debit payments.
  • Flexible repayment options.
  • Free practice tests for standardized exams, scholarship searches and FAFSA assistance online at www.nelnet.com.


(888) 272-5543*
802218 Sallie Mae
  • You may qualify for a 0.25 percentage point interest rate reduction when you make payments on your Sallie Mae Stafford loan by automatic debit.*
  • Join Upromise® at www.upromise.com and use the rewards you earn on your everyday purchases to help automatically pay down your eligible Sallie Mae-serviced loans with Upromise Loan Link®.*
  • * Visit www.SallieMae.com/ StaffordTerms to learn how to earn the borrower benefit and other important information.


(888) 272-5543*
807176 Wells Fargo
  • No payments while you're in school at least half time.
  • One place for all your financial needs.

 

*Loan application information and disbursements handled by Sallie Mae. 

What is a Loan Servicer?
Once a loan has been approved and disbursed, by the lender or the guarantee agency, it is usually transferred to a servicing company. This is a company that is responsible for managing your account while you are in school and during repayment. You will repay the servicing company until the loan is paid in full. Any questions or repayment issue should be addressed to the servicing company. However, if you are having problems with the servicer, you should contact your lender for additional assistance.
The information in this document was gathered on behalf of the
Office of Financial Aid at The Master’s College and is believed to be correct as of this publishing, 
but is not warranted and is subject to change without notice. Check with your lender for details and conditions regarding eligibility. If you default on your loan and it is purchased by the guarantor, 
any interest reduction will no longer be applicable.
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