Stafford Lenders for Current Students
(Current student borrowers)
You may select one of the following LVC preferred lenders or you may choose another participating lender. Remember, if you would like to continue borrowing through the same lender, you do not need to list any lender on your Borrowing Intentions Form (BIF). Simply return it to the Financial Aid Office and the loan will be processed through your current lender. No additional paperwork is necessary. If you would like to select a new lender, use the "back button" on your browser and follow the instructions for "First-time borrowers and current borrowers wishing to change lenders."
Why is LVC recommending the following lenders?
- Excellent customer service for the borrower and LVC
- Ease of application process and delivery of loan funds
The following information is for the 2009-2010 academic year and pertains to loans disbursed after July 1, 2009.
| Lender Information |
Upfront Fees* |
Borrower Benefits |
Edamerica
Lender code: 831453 |
0.5% origination fee and 1.0% default fee |
- Additional 0.25% interest rate reduction when payments are automatically deducted from any checking or savings account |
PNC
Lender code: 809921 |
0.5% origination fee and 1.0% default fee |
- Additional 0.25% interest rate reduction with payments automatically deducted from any checking or savings account |
Citizens Bank
Lender code: 833880 |
0.5% origination fee and 1.0% default fee |
- Additional 0.25% interest rate reduction when payments are automatically deducted from any checking or savings account |
*The amount LVC receives will be less the fee percentage listed for each lender.