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Stafford Lender List
Steps to Obtaining Your Loan: Stafford Loan Limits:
- Complete the Student Loan Counseling Interview (Entrance Interview) at www.mappingyourfuture.org
- Select a lender from the list or choose your own lender.
- Complete the Stafford Loan Request Form on the list of forms for the appropriate year and list your preferred lender.
- Contact your selected lender to receive Instructions on e-signing your MasterPromissory Note (MPN).
In making your lender choice for a Federal Stafford Loan, you may wish to consider the following lenders. You have the right to choose your lender. However, these lenders have served our students and parents very well. We have selected these lenders for their service, benefits, and customer service. Birmingham-Southern receives no financial incentives as a result of this listing.
This is a rotating list; each time the list is accessed the order is changed.
Lender
Information |
Interest
Rate |
Default Fee |
Origination
Fee |
Borrower Benefits |
Apply Online |
NelNet
1-877-804-3603
www.nelnet.com
Lender Code: 833669 |
Subsidized:
6.0% Fixed
Unsubsidized:
6.8% Fixed |
0.50% |
1.00%, decreasing to .50% for loans disbursed after July 1, 2009 |
0.25% interest rate reduction with auto-debit payment program |
Click Here |
Chase
1-800-487-4404
chasestudentloans.com
Lender Code: 803000 |
Subsidized:
6.0% Fixed
Unsubsidized:
6.8% Fixed |
0.50% |
1.00%, decreasing to .50% for loans disbursed after July 1, 2009 |
0.25% interest rate reduction with auto-debit payment program |
Click Here |
Citibank
1-800-967-2400
www.studentloan.com
Lender Code: 826878 |
Subsidized:
6.0% Fixed
Unsubsidized:
6.8% Fixed |
0.50% |
1.00%, decreasing to .50% for loans disbursed after July 1, 2009 |
0.25% interest rate reduction with auto-debit payment program |
Click Here |
EdAmerica
1-800-337-1009
www.edamerica.net
Lender Code: 831453 |
Subsidized:
6.0% Fixed
Unsubsidized:
6.8% Fixed |
0.50% |
1.00%, decreasing to .50% for loans disbursed after July 1, 2009 |
0.25% interest rate reduction with auto-debit payment program |
Click Here |
Regions
1-800-858-7822
studentloans.regions.com
Lender Code: 810612 |
Subsidized:
6.0% Fixed
Unsubsidized:
6.8% Fixed |
0.50% |
1.00%, decreasing to .50% for loans disbursed after July 1, 2009 |
0.25% interest rate reduction with auto-debit payment program |
Click Here |
Wells Fargo
1-800-658-3567
wellsfargo.com/student
Lender Code: 807176 |
Subsidized:
6.0% Fixed
Unsubsidized:
6.8% Fixed |
0.50% |
1.00%, decreasing to .50% for loans disbursed after July 1, 2009 |
Quality service and
one place for all your financial needs |
Click Here |
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|
|
Subsidized |
|
Unsubsidized |
|
Total |
|
| |
Freshman |
| |
$3,500 |
| |
$2,000 |
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$5,500 |
|
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Sophomore |
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$4,500 |
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$2,000 |
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$6,500 |
|
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Junior/Senior |
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$5,500 |
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$2,000 |
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$7,500 |
|
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|
|
| |
|
|
Subsidized |
|
Unsubsidized |
|
Total |
|
| |
Freshman |
| |
$3,500 |
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$6,000 |
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$9,500 |
|
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Sophomore |
| |
$4,500 |
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$6,000 |
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$10,500 |
|
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Junior/Senior |
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$5,500 |
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$7,000 |
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$12,500 |
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