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St. Cloud State University

St. Cloud State University


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Stafford Student Loan Application and Open Lender List

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St. Cloud State University does not endorse any one lender.  While students may choose any participating lender in the federal Stafford Loan program, we provide you with a list of experienced lenders that have demonstrated a commitment to providing efficient service to all St. Cloud State students, borrower benefits, outstanding customer service, and have state-of-the-art electronic capabilities.

If you choose not to use one of the lenders from the list below, please contact the lending institution you have chosen to inquire about borrower benefits and select “My Lender is Not Listed” from the table below to complete and return a Loan Request Form to our office. 

If you have previously borrowed through the Stafford Loan program you are encouraged to remain with the same lender.  First time borrowers should review the borrower benefits offered prior to selecting a lender. 

  • As a potential Stafford Loan borrower, it is important that you have a complete understanding of this loan program. 
  • To review borrower benefits, click on the lender name(s) from the list below to review any borrower benefit details offered by the lender(s). Due to changes in federal regulations regarding educational loans you are encouraged to contact the lender to confirm any current borrower benefits.
  • To select a lender, click on the name of your chosen lender to continue the application process. The lender and a guarantee agency may deduct an origination fee (1.5% through 6/30/08 and 1.0% effective 7/1/08) and a default aversion fee (1.0%) from the loan prior to disbursement.
  • To apply for the Stafford Loan with your chosen lender, select the "Apply for a Loan with..." link listed with the specific lender's borrower benefits.

Lender

Borrower Benefits / How to Apply

While all federal Stafford loans have the same interest rates and fees, some lenders offer payment discounts to borrowers that can reduce the cost of the loan.

These incentives, called “borrower benefits”, include interest rate reductions, full or partial origination fee rebates, principal balance reductions, and rewards for using automatic direct debit of monthly payments and/or making on-time monthly payments. Borrower benefits may vary by lender so review each of the lenders’ borrower benefits to determine your best option.

Click on the lender name from the lender list on the left to see the Borrower Benefit details.

AFG PROVINCIAL BANK

AFG is no longer origninating, disbursing, or guaranteeing federal Stafford loans.

Associated Bank
1-800-289-6765
www.associatedbank.com

  • 0.25% interest rate reduction for auto-debit payments.

Apply for a Loan with Associated Bank!

BREMER BANK
www.bremer.com
1-800-214-4988

  • 0.25% interest rate reduction for auto-debit payments.

Apply for a Loan with Bremer Bank!

CITIBANK
www.studentloan.com
1-800-967-2400

  • 0.25% interest rate reduction for auto-debit payments with agreement to receive only electronic statements.

Apply for a Loan with Citibank!

COLLEGE LOAN CORPORATION

College Loan Corporation is no longer making loans.

 

 

EDAMERICA
www.edamerica.net
1-800-337-6884

  • 0.25% interest rate reduction for auto-debit payments.

Apply for a Loan with Edamerica!

KEYBANK
www.key.com/zerofees

  • The immediate reduction of the 3% loan fees on behalf of the borrower (zero fees).
  • 0.25% interest rate reduction for payments deducted automatically from a checking or savings account.
  • The reduction of 3.75% of the original principal after making 36 on-time monthly payments.

Apply for a Loan with Keybank!

STUDENT LOANXPRESS
www.studentloanxpress.com
1-866-759-7737

2% interest rate reduction immediately upon entering repayment provided repayment is deducted automatically from a checking or savings account.

Apply for a Loan with Student LoanXpress!

TCF BANK

Twin City Federal (TCF) is no longer making federal loans.

 

U.S. BANK
www.usbank.com/studentloans
1-800-242-1200

  • 0.25% interest rate reduction auto-debit payments.

Apply for a Loan with U.S. Bank!

WACHOVIA
www.wachovia.com/education
1-800-338-2243

  • 0.25% interest rate reduction for auto-debit payments.

Apply for a Loan with Wachovia!

My Lender is Not Listed

Selecting a lender that is not on our lender list may limit our ability to process, track, or revise your loan if necessary, and may delay the processing of your loan.  While we will process your loan through any lender, selecting a lender on our lender list assures you that we will be able to process in a timely and efficient manner.

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The information is intended to be accurate, but the publisher does not assume liability for errors or omissions.
Please contact your lender for detailed information about borrower benefits.

 

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