What is a Lender List?

College financial aid offices often provide Lender Lists (or Preferred Lender Lists) tostudents and parents on their websites or ashandouts. These lists are intended to provide you

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and your parents with a starting point in yoursearch for student loan options. Lender Listsessentially provide a quick comparison of Stafford , PLUS , or Private loan options. Our Student Loan Marketplace ,which lets you enter loans you've uncovered in your research,can help you make more in-depth comparisons.A typical Lender List will include certainbasic information about an education loan:

1. Lender Name 2. Interest Rate - Typically a fixed rate for federal programs and a range for private loans 3. Lender Code - a 6-digit code assigned to participants in the federal loan programs 4. Lender Contact Information 5. Borrower Benefits - Lender rewards for actions such as on-time payments, auto-debit of payments, or graduation 6. Links to the Lender's Website

How Do College Financial Aid Offices Come Up with a Lender List?

A college's Lender List is aimed at providing you with arange of good student loan choices. As part of this process, thefinancial aid office must disclose the...

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