Federal Stafford Loan - Choosing a Lender

Choosing a lender is an important decision. You are beginning a relationship with a loan provider who works with you for many years over the life of your loan. Below are several lenders that our research has shown to provide competitive loan products and services. Take a look at what they offer to give yourself some basic knowledge of what you can expect in today's student lending market. Borrowers have the right and ability to select the education loan provider of their choice, are not required to use any of the listed lenders, and will suffer no penalty imposed by the college for choosing a lender that is not on this list.

If you would like more information on how this lender list was created, please feel free to view Lewis & Clark's lender list policy.

PLEASE NOTE: You may be prompted to apply for your Federal Stafford Loan on lenders' sites while conducting your research. Please do not proceed with the actual application until after you have submitted a Loan Request Form on the STAFFORD LOAN PROCESSING WEB-PAGE.

Most lenders offer attractive borrower benefits and incentives for repayment. However, there may be less than 15% of borrowers who actually receive the benefits for reasons such as consolidation of loans in the future or making late payments. You should always review the current benefits at the lender's website when you select a lender.

Feel free to print out the Questions to Ask guide and review the Stafford Loan Comparison Chart,* then use the information to direct your research.

*It is important to note that the Loan Comparison Chart provided here contains information that is only accurate as of February 2008. Several lenders have changed their benefits in recent months and the most accurate information should be procured directly from their websites.

Don't forget to complete all FOUR steps to process your Stafford Loan!