Preferred Lenders
The difference in the preferred lenders is measured in terms of customer service, savings programs and repayment options. To assist in this decision, the Chicago Financial Aid Office has compiled a list of institutions that we consider excellent in the educational lending field. Staff in the Financial Aid Office cannot make a specific recommendation from this list. If you need further information, contact the lender or see the attached chart.
An informed decision will depend upon a careful review of the aspects outlined on the following comparison chart.Please note that lenders may change the terms and conditions of their loans at any time.
Stafford Preferred Lenders
All of the preferred lenders listed below share the following terms and requirements:
- Online access for loan status: Yes
- Sell loans to servicer: No
| Lender & URL | Interest Rate | Origination Fee | Borrower Incentives |
|---|---|---|---|
| Access Group, Inc. www.accessgroup.com |
Fixed 6.8% | 1.0% for loans disbursed April 8, 2009 - June 30, 2009. 0.5% for loans disbursed on or after July 1, 2009. | See the Access Group web site for incentives |
| Citibank www.studentloan.com |
Fixed 6.8% | 1.0% for loans disbursed April 8, 2009 - June 30, 2009. 0.5% for loans disbursed on or after July 1, 2009. | See the Citibank web site for incentives |
| Discover Student Loans http://www.discoverstudentloans.com/ |
Fixed 6.8% | 0.0% through August 31, 2009. 0.5% for all applications received on or after September 1, 2009 | See the Discover web site for incentives |
| Edamerica www.edamerica.net |
Fixed 6.8% | 1.0% for loans disbursed April 8, 2009 - June 30, 2009. 0.5% for loans disbursed on or after July 1, 2009. | See the Edamerica web site for incentives |
| Wells Fargo www.Wells_Fargo.com/student |
Fixed 6.8% | 1.0% for loans disbursed April 8, 2009 - June 30, 2009. 0.5% for loans disbursed on or after July 1, 2009. | See the Wells Fargo web site for incentives |
