Why Does Stony Brook University Have a Sample Lender List?
How Does Stony Brook University Select Its Sample Lenders?
Can a Borrower Select a Lender Not on the Sample Lender List?
Choosing a Lender
Stony Brook University’s Sample Lender List for Federal Stafford and PLUS Loans
Completing Your Electronic Master Promissory Note (e-MPN) at HESC
Stony Brook University Sample Lender List for School of Dental Medicine
Federal Stafford and PLUS Loans
(Listed Alphabetically)
(Effective Date: 05/06/2008)
Federal Stafford Loan Program** |
Federal Grad Plus Loan Program** |
||
Sponsor: U.S. Dept. of Ed 1-800-4-FED-AID Eligibility: Subsidized: up to $8,500 Unsubsidized: up to $40,500 less subsidized DDS Lifetime cap: $189,125 |
Sponsor: U.S. Dept. of Ed 1-800-4-FED-AID Eligibility: Eligibility begins after Stafford Loans exhausted, up to the cost of education minus other financial aid |
||
Current Interest Rate: 6.80% |
Current Interest Rate: 8.50% |
||
Lender/Contact Information |
Lender Code/Web Address |
||
Access Group |
808851 |
||
Citibank (Health Education) |
826878 http://studentloan.citibank.com/health/ |
||
| Sallie Mae Serviced by Sallie Mae 1-854-SLMA |
802218 http://www.salliemae.com/dental/ |
||
Wachovia |
830005 http://www.wachovia.com/gradloans |
||
Disclosure |
The lenders on our list have demonstrated a commitment to providing high quality customer service and quick accurate loan processing. These lenders also guarantee that borrower benefits will be honored if loans are sold. As a loan borrower, you have the right to select any lender of your choice even if it is not listed. You also can do research on your own and explore other lender options. |
||
* A lender origination fee is a processing fee that is deducted from the amount borrowed before the loan proceeds are sent to the University. Per the terms of the US Department of Education the origination fee has been determined to be:
1.5% effective 5/1/08, reduced to 1% effective 7/1/08; then .5% on 7/1/09; and finally 0% on 7/1/10.
**Stafford and Grad Plus Loans can be held by the same or different lenders. Each requires their own Master Promissory Note.
*** Guarantee Fee is an insurance premium deducted from the borrower’s loan proceeds before disbursement and paid to HESC, the guaranty agency that insures the loan. By law, the fee cannot exceed 1% of the loan amount.
Print as Adobe Acrobat (PDF) 
Document