Suggested Lenders

Never Borrowed a Student Loan Before?

If you have never borrowed a Federal Stafford Student Loan before and have discussed your need for one with a CCV financial aid counselor, you need to select a lender. Listed below are the four lenders CCV suggests you consider for the 2009-10 academic year based on the criteria listed on About Student Loans

Students: To select one of these four lenders or to select another please complete a 2009-10 Lender Selection form and return it to the financial aid counselor at your CCV site or go to VSC WebServices in the Blackboard portal and go to "Choose Stafford Loan Lender" under the Financial Aid options.

You are not limited to selecting from the suggested lenders. You have the right to select any lender you choose and it will not cause unnecessary certification delays. Simply provide the lender identification number, name and address to the financial aid office at your site.

Lender	Vermont Student Assistance Corporation (VSAC) Location: Vermont Available to Vermont and out of state borrowers VSAC	Discover Student Loans Location: Utah Available to Vermont and out of state borrowers Discover Student Loans	EdAmerica Location: Tennessee Available to Vermont and out of state borrowers edamerica	Sallie Mae Location: Virginia Available to Vermont and out of state borrowers SallieMae
Upfront Fees and Interest Rate
Subsidized Stafford	0.5 % origination fee 0% default fee 5.6% interest rate	Applications received prior to 09/01/09 0% origination fee 0% default fee 5.6% interest rate Applications received on or after 09/01/09 0.5% origination fee 1% default fee 5.6% interest rate	0.5% origination fee 0% default fee with participating guarantor 5.6% interest rate	0.5% origination fee 1% default fee 5.6% interest rate
Unsubsidized Stafford	0.5 % origination fee 0% default fee 6.8% interest rate	Applications received before 09/01/09 0% origination fee 0% default fee 6.8% interest rate Applications received on or after 09/01/09 0.5% origination fee 1% default fee 6.8% interest rate	0.5% origination fee 0% default fee with participating guarantor 6.8% interest rate	0.5% origination fee 1% default fee 6.8% interest rate
Parent PLUS	3% origination fee 0% default fee 8.5% interest rate	Applications received before 09/01/09 3% origination fee 0% default fee 8.25% interest rate Applications received on or after 09/01/09 3% origination fee 1% default fee 8.5% interest rate	3% origination fee 0% default fee with participating guarantor 8.5% interest rate	3% origination fee 1% default fee 8.5% interest rate
Other Borrower Benefits
Check lender website for benefit changes, various details on conditions under which you might lose this benefit and how you could regain it.	0.25% interest rate reduction when borrower enrolls in electronic loan repayment	0.25% interest rate reduction when borrower enrolls in electronic loan repayment	0.25% interest rate reduction when borrower enrolls in electronic loan repayment	0.25% interest rate reduction when borrower enrolls in electronic loan repayment
Customer Service/Organizational Items
Non-profit agency	Yes	No	Yes	No
Services Your loans	Yes	No	Yes, using a partner agency	Yes
On-line/toll free options	Yes	Yes	Yes	Yes

** Please check the lender's website for specifics concerning the borrower benefits. The above information is for loans borrowed during the 2009-10academic year, but may be subject to change.