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Stafford Loan Lender Comparison List


Through the FFEL student loan program you may borrow from any lender that participates in the FFEL program. In order to assist students who have not yet chosen a lender, the University has created this comparison chart, with the list of prospective lenders developed through a review process that focused on value to students, reliability and service. This list provides information regarding certain fees, terms and service features which should be considered by a new borrower. It is generally recommended that borrowers use the same lender throughout their academic career in order to simplify the repayment process.

Students are encouraged to seek the student loan that is the best fit with their needs. You are not limited by the list of lenders below. Please contact your financial aid counselor for assistance as needed or with any questions you may have. The office number is 479-575-3806. You may also find your counselor’s direct number from the counselor contact page.

The Financial Aid Office is often asked to provide a code for a local Arkansas lender that a student has chosen. The links at the bottom of the page should provide such a code for lenders in Arkansas. A borrower should also be able to receive the lender code by contacting the lender. Again, please do not hesitate to contact our office for any assistance or questions you may have. We want you to finance your academic career with your lender of choice.

The information provided below reflects current lender fees and benefits for the 2007-2008 academic year. Some lenders will change this information for the 2008-2009 academic year. It is anticipated any changes will be available by July 1, 2008. Students are cautioned that lender fees and benefits are subject to change without notice.

Benefits for Parent PLUS and Graduate PLUS loan borrowers may vary.

Lender Name

Lender Fee

(fees charged by lender at time of disbursement)

Do They Sell My Loan?
Guarantor Fee

(fees charged by guarantor at time of disbursement)
Repayment Secondary Market

Repayment Incentives

(Follow the above link to see incentive details)

Arkansas Rural Endowment Fund Inc.
(Must have a permanent Arkansas Address outside the city limits of Little Rock, North Little Rock, Pine Bluff, and Fort Smith)
New borrower must submit for first loan only, an AREF application. Download at www.aref.org

Lender Code: 800246
Paid
Yes
Paid
Arkansas Student Loan Authority
Arvest Bank

Lender Code: 800301
Paid
Yes
Paid
OSLA
Citibank

Lender Code: 826878
1.0% of Total Loan Amount
No
1.0% of Total Loan Amount
None
First Security Bank

Lender Code: 834348
1.0% of Total Loan Amount
Yes
Paid
OSLA
nelnet

Lender Code: 833669
1.0% of Total Loan Amount
No
1.0% of Total Loan Amount
None
SallieMae

Lender Code: 802218
1.0% of Total Loan Amount
No
1.0% of Total Loan Amount
Sallie Mae
Simmons First

Lender Code: 815745
1.0% of Total Loan Amount
Yes
1.0% of Total Loan Amount
Arkansas Student Loan Authority
<empty>US Bank

Lender Code: 811930
1.0% of Total Loan Amount
Yes
1.0% of Total Loan Amount
Arkansas Student Loan Authority
Wachovia

Lender Code: 830005
1.0% of Total Loan Amount
No
1.0% of Total Loan Amount
None

Notice: Lender benefits are subject to change without notice.

ASLA Team Lenders         SLGFA Lenders

University of Arkansas Office of Financial Aid, 114 Silas Hunt Hall, Fayetteville, AR 72701