Stafford Loan Lender List

Stafford loans are fixed-rate loans (6.8%) available to undergraduates and graduate students who are attending school at least half-time. There are two types of Stafford loans: subsidized and unsubsidized.

Information on how Stafford Loan Preferred Lender List was compiled.

More information on Stafford Loan Preferred Lender List.

Students and Parents have the right and ability to select any education loan provider of choice and are not required to use any lender on the preferred lender list.

Return to Columbia College Financial Aid

Lender	Benefits
Bank of America Lender code: 806746 www.bankofamerica.com	1% default fee 0% origination fee
Student Loan Funding Lender code: 831455 www.studentloanfunding.com	0% default fee* 0.30 percentage point interest rate reduction for automatic debit* *Learn how to earn these benefits.
US Bank Lender code: 832035 www.usbank.com	0% default fee (US Bank is paying any portion of the default fee not paid by the guarantor for 4-yr & grad/professional schools) 0% origination fee 1% credit of the original principal amount after the first 12 consecutive monthly on-time payments. (No more than 10 days past the due date.)
Other Education Loan Providers	Benefits
To apply: submit master promissory note (mpn) or documentation of completed mpn to Columbia College’s Financial Aid Office. More information about application process. Stafford loans certified through a non-preferred lender are not processed electronically. More information about certification and loan disbursement.	Information provided by lender.

Additional qualification requirements may apply for each benefit listed above. Visit each lender’s web site to learn how to earn their benefits.

Stafford Loan Lender List

Lender

Benefits

Other Education Loan Providers

Benefits