In the Federal Stafford, Federal Parent PLUS, Federal Graduate PLUS and the non-federal Alternative loan programs, borrowers must choose a lender that will provide the education loan funds to the school.

Because many students and parents request guidance in identifying a lender-partner, we have developed a recommended lender list for each of the programs. It is important to remember, however, that borrowers may choose any participating lender when borrowing through these loan programs. In addition to the lists below, a list of national lenders is available on the AES/PHEAA website for your use when selecting federal loans.

We have carefully selected these lenders through a Request for Information (RFI) process. Features we considered when developing our recommended lender list included the following: fee structure, interest rate structure, electronic processing, electronic funds transfer and customer service. Specific information on how the recommended lender list was developed can be found in the section titled Recommended Lender Selection Process.

**All Federal Stafford, PLUS and Graduate PLUS lenders on Slippery Rock University's recommended lender lists are Keystone Best Lenders. If you borrow from a Keystone Best Lender, AES/PHEAA will pay 1% default fee. Individuals lenders in the Keystone Best Program may choose to pay the 1% origination fee on the Federal Stafford Loan.

The Recommended Lender Lists for each loan program can be found below:

IF YOU DECIDE TO USE A LENDER NOT REPRESENTED ON OUR LISTS, HERE ARE SUGGESTIONS FOR EVALUATING OTHER LENDERS:

•  What is the interest rate?

•  Are there fees? (up front? And/or back-end?)

•  What back-end benefits do they offer, if any?

•  Does the lender participate in electronic processing with Slippery Rock University ?

•  Does the lender disburse funds electronically to Slippery Rock University ?

•  Are they guaranteed by AES/PHEAA? If not, the student must initiate the loan application process every year, typically with a paper application.

•  Additional questions specific to Non-Federal Alternative Loans can be found on the Alternative Loan page or in the loan section of the “Understanding Your Award Letter Brochure”