Selecting a Lender

Lender Selection enables students to select an FFELP lender or to change a previously assigned lender:

• If the student has not been awarded, the system provides a Student Finances link to indicate a lender to be picked up by Loan Origination.

• If a student has been awarded an FFELP loan, the system displays the lender and provides a link that enables the student to change the lender if the loan is not originated or transmitted to the guarantor.

• If a student changes the lender after borrowing from another lender, a message is optionally displayed to warn them against doing so for repayment reasons.

• If the loan has been originated or transmitted, the lender is displayed but the student cannot change it. A message tells the student to contact the financial aid office if they need to change the lender.

Access the Selected Lenders page (select Financial Aid, then select Loans, then select View Lender Selection).

Image: Selected Lenders page, Lender Information tab

This example illustrates the fields and controls on the Selected Lenders page, Lender Information tab. You can find definitions for the fields and controls later on this page.

The Lender Information tab displays the lender that was selected by the student through Campus Self Service.

Select the Guarantor Information tab.

Image: Selected Lenders page, Guarantor Information tab

This example illustrates the fields and controls on the Selected Lenders page, Guarantor Information tab. You can find definitions for the fields and controls later on this page.

The Guarantor Information tab displays the guarantor that was associated to the lender selected by the student. The guarantor is associated to the lender based on values defined on the Identify Self Service Lenders page.