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Recommended Online Stafford Lender List Please select a lender from our list of recommended lenders below for your Federal Stafford Loan. The following lenders disburse funds electronically to our school. This allows funds to be posted directly to the students' account. You must inform us of your lender of choice before you can complete your Federal Stafford Loan Master Promissory Note (MPN). If you have any questions, please contact the Financial Aid Office.
Paul Smith's College selected the following recommended lender list for your convenience based on superior customer service, competitive borrower benefits and life-of-loan servicing. The performance of our recommended lenders is evaluated each academic year. Therefore, the list is subject to change based on evaluation by our experienced loan team. As a student borrower, you can be assured Paul Smith's College strives to provide the best borrower benefits available and eliminates confusion by selecting a seamless customer service process from application to graduation and on to repayment.
For the 2008-2009 academic year the interest rate for subsidized Federal Stafford Loans for undergraduate students is 6.0%. All other Federal Stafford Loans will have a fixed interest rate of 6.8% (this includes all Federal Stafford Loans disbursed before 07/01/2008.
Please note: As a student borrower, you have the right to choose any student loan lender and if your lender is not listed below, please provide us with their name and related contact information to your Financial Aid Office.
| Lender Information | Origination Fee | Borrower Benefits |
Chase
1.800.487.4404
http://www.ChaseStudentLoans.com
Lender Code: 803000
Loan Servicer: Chase
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1.00 % |
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Citibank
1.800.967.2400
http://www.studentloan.com/schools/paulsmiths
Lender Code: 826878
Loan Servicer: Citibank
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1.00 % |
- 1.00% default fee.
- 0.50% automatic interest rate reduction at repayment.
- 0.25% interest rate reduction for signing up for auto-debit by having your monthly payments automatically withdrawn from your bank account.
- No Worries- unlimited opportunities to earn back the 0.50% interest rate reduction if you lose it due to late payment. Regain the benefit by making 24 consecutive on-time payments.
- Citibank holds and services for the life of the loan.
- Citibank offers combined billing to make one payment for Citibank Stafford and CitiAssist alternative loans.
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Citizens Bank, a division of RBS Citizens, N.A.
1.800.708.6684
http://www.citizensbank.com/edu
Lender Code: 812265
Loan Servicers: Nelnet
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1.00 % |
- 0 - 1.00% default (guarantee) fee depending on guarantor.
- 0.25% interest rate reduction for automatic payment deduction from any bank account.
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Edamerica
1.800.337.1009
http://www.edamerica.net
Lender Code: 831453
Loan Servicer: Edfinancial Services
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1.00 % |
- 0% to 1% default fees based on guarantor.
- 0.25% interest rate reduction with auto-debit.
- One point of contact for life of loan servicing.
- Combined billing available.
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- 20 years of expertise concentrating solely on student loans.
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VSAC
1.800-798-8722
http://www.vsac.org
Lender Code: 830075
Loan Servicer: VSAC
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1.00 % |
- Interest rebate equivalent to 1% of the outstanding principal balance throughout repayment.
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For questions or concerns:
1.518.327.6220
financialaid@paulsmiths.edu |
Subject to change depending on lender. |
- Subject to change depending on lender.
- If you decided to use a lender of your choice, please provide the Financial Aid Office with as much detailed information as possible. This may include a lender code, lender's website, phone number, etc.
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