Stafford Loan - Lender List
For your convenience, we have compiled a list of lenders for the 2008-2009 academic year. These lenders are committed to providing students with strong borrower benefits and excellent service. These lenders meet or exceed criteria that are valuable to our students and college and were chosen via an annual evaluation process where they were scored based on a model provided by the National Association of Financial Aid Administrators (NASFAA). Please know that Hanover College does not have agreements with any lenders to provide financial incentives to the college based on guaranteed loan volume or any other metric. We have always and will continue to honor the student's right to choose any lender. If you choose to utilize a lender other than one listed below, we recommend that you contact the Office of Financial Assistance to ensure timely processing of your loan. Please remember that your lender is your choice.
Scroll down to review all lenders and apply for your loan.
Benefits are subject to change at any time. Please consult the lender website for the most up to date information.
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Lender: |
KeyBank |
Citibank |
Fifth Third |
| Servicer: | Great Lakes | Citibank |
Sallie Mae |
| Guarantor: | Texas Guarantee | Texas Guarantee | Texas Guarantee |
|
Lender Code: |
813760 |
826878 |
808780 |
| Interest Rate: | 6.0% Sub 6.8% Unsub |
6.0% Sub 6.8% Unsub |
6.0% Sub 6.8% Unsub |
|
Fees Deducted: |
1% | 1% | 1% |
|
Additional Benefits & Info: |
0.50% Interest rate reduction for automatic debit of payments |
0.50% Interest rate reduction at repayment - must make payments on-time to retain
0.25% Interest rate reduction for automatic debit of payments
Auto recovery - if lose repayment benefit it can be reinstated after 24 complete on-time payments |
0.30% Interest rate reduction for automatic debit of payments |
|
Borrower Hotline: |
1-800-KEY-LEND |
1-800-967-2400 |
1-800-222-7192 |
|
Lender Website: |
www.key.com | ||
| Online Application: | Apply Now | Apply Now | Apply Now |
|
Lender: |
Wells Fargo | EdAmerica | Charter One |
| Servicer: |
Wells Fargo |
EdFinancial |
Sallie Mae |
| Guarantor: | Texas Guarantee |
Texas Guarantee |
Texas Guarantee |
|
Lender Code: |
807176 | 831453 |
808140 |
| Interest Rate: | 6.0% Sub 6.8% Unsub | 6.0% Sub 6.8% Unsub | 6.0% Sub 6.8% Unsub |
|
Fees Deducted: |
1% |
0% | 0% |
|
Additional Benefits & Info: |
0.50% Interest rate reduction at repayment upon verification of graduation 0.25% Interest rate reduction for automatic debit of payments |
0.25% Interest rate reduction for automatic debit of payments - occurrence of 3 NSF within 1 year will result in loss of benefit |
0.30% Interest rate reduction for automatic debit of payments- benefits lost with 3 NSF within 1 year - can re-enroll with different bank account |
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Borrower Hotline: |
1-800-658-3567 |
1-800-337-1009 |
1-800-721-3969 |
|
Lender Website: |
www.edamerica.net | ||
| Online Application: | Apply Now | Apply Now | Apply Now |
|
Lender: |
Chase | ||
| Servicer: | Chase |
| |
| Guarantor: | Texas Guarantee |
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|
Lender Code: |
803000 |
| |
| Interest Rate: | 6.0% Sub 6.8% Unsub | ||
|
Fees Deducted: |
1% |
||
|
Additional Benefits & Info: |
0.25% Interest rate reduction at repayment |
|
|
|
Borrower Hotline: |
1-800-487-4404 |
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Lender Website: |
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| Online Application: | Apply Now |
