2001-2002 Preferred Lenders under the Federal Stafford and Federal PLUS Programs Loyola University will be working with a number of banks and lending agencies to provide a streamlined application process for both Federal Stafford and Federal PLUS loans. Although the basic terms of the loan are the same, lenders offer a variety of services to families. Offers a variety of incentives during repayment with the Direct Repay and Great Rewards programs.
Students can choose to use any lender .
Students who utilize any of our preferred lenders will receive a pre-printed Master Promissory Note during the summer that they must complete and return before funds can be disbursed. Funds will be disbursed via an electronic funds transfer from the lender to the student's account with the Student Finance Office Students who choose to use other Stafford lenders will need to submit their Master Promissory Note as well as a School Certification Form to our office. Law students have a separate preferred lender list that includes lenders with additional private loan programs. However, if you choose to cancel, the loan will be removed from your tuition account, and as a result, you may owe the university. Students who have outstanding Stafford Loans must complete an Exit Interview during their final semester.