SUNY Cortland Financial Advisement

You've reached SUNY Cortland's Federal Stafford Loan page for Undergraduate Students. Here you will learn about the various discounts, features and benefits offered by a select group of suggested lenders. These lenders provide top-quality products and serivices and discounted rates to SUNY Cortland students.

Applying for a Federal Stafford loan is easy through Cortland's BannerWeb system. If you have received a financial aid package that includes a Federal Stafford Loan, simply sign on to BannerWeb and accept your award package, then choose your lender on-line. You are not required to use a lender that is listed below, but we suggest you compare your lender's costs and benefits with the list below to make sure you get the best deal for your personal situation. If you still have outstanding student loan balances from your undergraduate years, it's often best to stay with the same lender (or at least the same servicer) to prevent the receipt of multiple billing statements each month from different lenders. Contact your Advisor in the Financial Advisement Office. We're here to help!


		Chase LenderCode: 803000
Chase's commitment to SUNY Cortland students and parents in unwavering. As a leading student loan provider, Chase has more than 40 years of experience helping students and parents like you achieve your education dreams. We offer competitive interest rates, life-of-loan servicing and a quick and easy application process - plus more than 600 banking centers and 1,800 ATM's in New York along. And we will always make sure our loan rates and terms are easy to understand. UP-FRONT FEES FOR 2008-2009: (deducted from the loan disbursement) 0% Origination fee and 0% default fee (Chase pays the default fee for Stafford borrowers.) $0 in fees will be deducted from a $1000 loan resulting in a $1000 disbursement. DISCOUNTS AND BENEFITS FOR 2008-2009: It's simple - Everyone gets a 0.10% interest rate reduction at repayment and for the remainder of the loan term. LOAN SERVICING: (or... "Where will I make the payments?") Chase loans are serviced for the life of the laon through Chase Student Loan Servicing, LLC, in Mississippi. MORE INFORMATION: www.chasestudentloans.com

			Citibank Lender Code: 826878
Citibank is the second largest originator of student loans in the nation. When you work with Citibank, you choose a globally recognized brand with worldwide presence and more than 50 years of experience and innovation in education financing. Citibank offers a full line of products in both Federal and Private Loans. At Citibank, all of our loans are serviced at our own servcing center in Siuox Falls, South Dakota. This provides borrowers with one point of contact, from origination through repayment. UP-FRONT FEES FOR 2008-2009: (deducted from the loan disbursement) 1% Origination fee and 1% default fee (Citibank does not pay the default fee for Stafford borrowers.) $20 in fees will be deducted from a $1000 loan resulting in a $980 disbursement. DISCOUNTS AND BENEFITS FOR 2008-2009: 0.50% automatic interest rate reduction at repayment for all borrowers who continue to make on-time monthly payments. No Worries - borrowers who lose their automatic interest rate reduction due to late or delinquent payments have the ability to earn it back by making 24 consecutive on-time monthly payments. These benefits can be recovered unlimited times during the life of the loan. 0.25% interest rate reduction for borrowers who have their loan payments automtically withdrawn through Citibank's auto-debit payment program and agree to receive electronic statements only. LOAN SERVICING: (or... "Where will I make the payments?") Citibank loans are serviced by Citibank in Sioux Falls, SD for the life of loan. MORE INFORMATION: www.studentloan.com/schools/suny/cortland

	Edamerica Lender Code: 831453
Edamerica is the top ten student loan provider in the nation with 20 years of student lending experience. Featuring life-of-loan servicing through Edfinancial Services, Edamerica is an All-American lender. Edamerica offers low-cost student loans nationwide - it's what they do, working together with students, parents, and schools. UP-FRONT FEES FOR 2008-2009: (deducted from the loan disbursement) 0% Origination fee and 1% default fee (Edamerica does not pay the default fee for Stafford borrowers.) $10 in fees will be deducted from a $1000 loan resulting in a $990 disbursement. DISCOUNTS AND BENEFITS FOR 2008-2009: 0.25% interest rate reduction for auto debit. LOAN SERVICING: (or... "Where will I make the payments?") Edamerica Stafford Loans are serviced by Edfinancial Services in Knoxville, TN for the life of the loan. Edfinancial is Edamerica's designated servicer. MORE INFORMATION: www.Edamerica.net

			Key Bank Lender Code: 813760
KeyBank offers over 50 years of making education dreams a reality. KeyBank offers affordable financing options designed around your education goals. We also provide a diverse assortment of free online tools and resources. UP-FRONT FEES FOR 2008-2009: (deducted from the loan disbursement) 1% Origination fee and 1% default fee (KeyBank does not pay the default fee for Stafford borrowers.) $20 in fees will be deducted from a $1000 loan resulting in a $980 disbursement. DISCOUNTS AND BENEFITS FOR 2008-2009: 0.50% interest rate reduction available when the borrowers enrolls in our ACH auto debit program. LOAN SERVICING: (or... "Where will I make the payments?" KeyBank Loans are serviced by American Education Services (AES) in Harrisburg, PA MORE INFORMATION: www.key.com/cortland

			Sallie Mae Lender Code: 802218
Sallie Mae is the nation's leading provider of student loans. Since 1973, Sallie Mae has helped millions of students achieve their dream of a higher education. When it comes to borrowing, our 35-year track record as a leader in the Federal Education Loan Program means you can be confident that Sallie Mae will continue to provide the most comprehebnsive federal loan product, service and benefit combinations to meet your needs. UP-FRONT FEES FOR 2008-2009: (deducted from the loan disbursement) 0% Origination fee and 1% default fee (Sellie Mae does not pay the default fee for Stafford borrowers) 1% in fees will be deducted from a $1000 loan resulting in a $990 disbursement. DISCOUNTS AND BENEFITS FOR 2008-2009: Sallie Mae Education Trust borrowers can earn credits applied to their loan account equal to 4% of each of the first 12 payments made as initially scheduled. LOAN SERVICING: (or... "Where will I make the payments?") Sallie Mae Loans are serviced by Sallie Mae in Wilkes-Barre, PA MORE INFORMATION: www.salliemaeedtrust.com/best_loan/undergrad_loans/

For Your Information: This "Suggested Lender List" was comprised solely for the information and convenience of our students and families. Borrowers have the right and ability to select the eduction loan provider of their choice, are not required to use any of the lenders on this list, and will suffer no penalty for choosing a lender that is not on this list. SUNY Cortland does not endorse or sponsor any of these lenders, nor does the College receive any payment or benefit from the lenders for providing this information. Please use the following link, "Why a Suggested Lender List", if you would like to learn more aobut how SUNY Cortland selected these providers and why we have a list. All lender links from this page will take you outside of the SUNY Cortland Website. SUNY Cortland accepts no responsibility for the content of third-party sites linked from this page.

Graduate Student Loan Suggested Lenders