Suggested Lender List

Lender Name/Address Phone/Website Stafford Loan Borrower Benefits

Arvest
200 E Main
Norman, OK 73069 
Lender Code:  809094

1-888-677-8711
www.osla.org

· 0.25% interest rate deduction when you enroll in auto debit program
· no origination fee, no default fee

BancFirst
P.O. Box 1608
Shawnee, OK 74802
Lender Code: 820238

1-800-940-9404
www.bancfirst.com

· 0.25% interest rate deduction when you enroll in auto debit program
· no origination fee, no default fee
Citi - The Student Loan Corporation
P.O. Box 6128
Sioux Falls, SD
57117
Lender Code:
826878		 1-800-967-2400
www.studentloan.com		 · 0.25% interest rate deduction when you enroll in auto debit program and receive only electronic statements
· 0.5% origination fee, no default fee

Nelnet Academic Loan
P.O. Box 82596
Lincoln, NE 68501
Lender Code:  833669

1-877-804-3603
www.nelnet.com

· 0.25% interest rate deduction when you enroll in auto debit program
· 1% origination fee, 0.50% default fee

Sallie Mae Education Trust
P.O. Box 147020
Gainesville, FL 32614
Lender Code: 802218

1-888-272-5543
www.salliemaeedtrust.com

· 0.25% interest rate deduction when you enroll in auto debit program
· 1% origination fee, 0.50% default fee

Simmons
P.O. Box 7408
Pine Bluff, AR 71611
Lender Code:  815745

1-800-527-1625
www.simmonsfirststudentloans.com

· 0.25% interest rate deduction when you enroll in auto debit program
· 1% origination fee, 0.50% default fee

Stillwater National Bank
P.O. Box 147020
Gainesville, FL 32614
Lender Code: 809081

1-888-272-5543
www.banksnb.com

· 0.25% interest rate deduction when you enroll in auto debit program
· 1% origination fee, 0.50% default fee

Wachovia
P.O. Box 13667
Sacramento, CA 95853
Lender Code:  830005

1-800-338-2243
www.wachovia.com

· 0.25% interest rate deduction when you enroll in auto debit program
· 1% origination fee, 0.50% default fee

Borrower benefits programs described herein are based on information available at the time of publication. Borrowers are strongly advised to contact each lender to determine the exact terms, conditions, and availability of individual incentive programs.

Northeastern State University is dedicated to providing the most efficient customer service to our students. In an effort to achieve this goal, we issue formal information requests to student loan lenders based on the National Association of Student Financial Aid Administrators (NASFAA) best practices to recommend lenders that provide the most competitive pricing, reliable technology, and dedication to quality customer service. Students may choose from our recommended list or any lender they believe best meets their needs. NASFAA recommends these sites for analyzing, calculating and comparing loan products: www.finaid.org/calculators/loananalyzer.phtml or www.finaid.org/calculators/loandiscounts.phtml. Please contact the Financial Aid Office if you wish to select a lender that is not represented on our Recommended Lender List above.

Stafford Loan Facts

Choosing a Lender

Northeastern State University has provided you with a list of lenders who have a history of providing exceptional service and benefits to NSU students. This list is provided as a service to assist you in selecting your lender; however you are free to choose from any participating lender who may not be included in this list.

Interest Rate

  • · Undergraduate Subsidized loan disbursed after July 1, 2008 is fixed 6.0%.
  • · Undergraduate Unsubsidized loan disbursed after July 1, 2008 is fixed 6.8%.
  • · Graduate Subsidized and Unsubsidized loan disbursed after July 1, 2008 is fixed 6.8%.

Fees

Up to 1% Federal Default Fee and up to 1% Origination Fee for loans disbursed after July 1, 2008 may be deducted from your loan proceeds.

Amount You May Borrow

The amount you are able to receive in Stafford loan funding is determined by a number of factors. Your grade level in school will affect the amount you may receive. As you progress in academic standing, you are allowed to borrow more. Additionally, your financial need and other financial aid you receive will determine the amount you may borrow. Consult your award letter or the financial aid office for additional information.

Repayment Information

You are required to begin repayment of your Stafford loan six months after you graduate or six months after your last date of at least half-time enrollment. While you are in school, you are not required to make any payments on your loan. If you receive a subsidized Stafford loan, you will not have any interest accrue while you are in school. However, if you receive an unsubsidized Stafford loan, interest will begin to accrue following the date of disbursement. You may choose to make interest payments on your unsubsidized Stafford loan while you are in school. This will help reduce the amount you will repay when you get out of school.

First-Time Borrowers

If you are a first-time borrower at NSU, you must complete an online loan entrance counseling session prior to your first student loan disbursement.

NSU Student Financial Services

The office of Student Financial Services is located on campus between Seminary Hall and the John Vaughn Library in a red brick building. We are open Monday – Friday, 8 a.m. to 5 p.m.

Office Phone:

  • 1-918-444-3456
  • 1-800-722-9614

Office Fax:

1-918-458-2150

Mailing Address:

Northeastern State University
Office of Student Financial Services
715 North Grand Ave.
Tahlequah, OK 74464-2300




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