Northern Virginia Community College
Northern Virginia Community College has selected lenders that we are confident provide a high level of service and loan benefits to our student borrowers. Our selection was based on the following considerations: borrower benefits including zero origination and default (guarantee) fees, repayment incentives which reduce the overall loan balance, responsive customer service, and easy to use electronic processes from application to disbursement of funds. Students may choose any lender that participates in the Federal Stafford Loan program and we will accommodate the borrower’s choice. We are confident that our selection of lenders are of the highest quality and reputation and offer outstanding service and loan benefits to our students.

If you wish to select a lender that does not appear on our selection list, please visit the campus financial aid office. You will receive assistance in completing the application procedures which includes completing a loan promissory note and electronic loan entrance interview. If you decide to choose a lender from this list, click on the corresponding "Apply Now" button to complete your Federal Stafford Loan Master Promissory Note (MPN).

Lender Info
Interest
Rate
Special Ways You Can Save
Select
Nellie Mae®
Lender Code: 829076
888.272.5543
www.NellieMae.com
6.80
Origination Fee:
The borrower will pay the origination fee on Stafford Loans guaranteed 5/3/08 through 6/30/09. This fee is 1.5% for loans first disbursed through 6/30/08 and 1% for loans first disbursed 7/1/08 – 6/30/09.

Federal Default Fee:
A 1% federal default fee will be charged unless your guarantor pays it for you.

0.25 percentage point interest rate reduction for automatic debit3

Six-month grace period

24/7 online account management

Expert servicing from the nation's leading student loan company.

Combined monthly billing when you have multiple Sallie Mae-serviced student loans.

Six-month grace period when no payments are required immediately following your graduation or dropping to less-than-half-time status

No prepayment penalty.
Fifth Third Education Lending
Lender Code: 808780
888.272.5543
www.53EducationLending.com
6.80
Origination Fee:
The borrower will pay the origination fee on Stafford Loans guaranteed 5/3/08 through 6/30/09. This fee is 1.5% for loans first disbursed through 6/30/08 and 1% for loans first disbursed 7/1/08 – 6/30/09

Federal Default Fee:
A 1% federal default fee will be charged unless your guarantor pays it for you.

0.25 percentage point interest rate reduction for automatic debit4

24/7 online account management

Expert servicing from Sallie Mae, the nation's leading student loan company.

Six-month grace period when no payments are required immediately following your graduation or dropping to less-than-half-time status

No prepayment penalty.
SunTrust Education Loans
Lender Code: 820564
800.552.3006
www.suntrusteducation.com
6.80
Saving with SunTrust:1

1% loan origination fee.

1% percent default fee.

0.25% Interest Rate Reduction with auto-debit from a checking or savings account.

Upromise Loan Link2

1 Effective 7/1/09, an origination fee of 0.50% and a default fee of 1% will be calculated based on, and deducted from, each disbursement. Borrowers must make all payments as scheduled and maintain enrollment in automatic debit to keep rate reduction in effect.

2 Upromise Loan LinkSM - Student borrowers who join Upromise® can link their Sallie Mae loan account to their Upromise account and use their Upromise rewards to help pay down their eligible Sallie Mae serviced student loans. Upromise members turn everyday spending into savings for education by shopping with participating companies who will contribute a portion of their qualified spending into their Upromise account. Once borrowers become Upromise members, they can invite family and friends to join and contribute their rewards to the borrower’s Upromise account to increase savings.

3Borrowers who authorize the automatic debit of funds from their checking or savings account to cover their monthly education loan payments will receive an interest rate reduction of 0.25 percentage point on eligible Stafford Loans. Assuming the loan is serviced by Sallie Mae, this benefit remains available during active repayment for as long as the borrower’s monthly payment is successfully deducted from the borrower’s account. If the loan is not serviced by Sallie Mae, other restrictions may apply as determined by the U.S. Department of Education.

NELLIE MAE RESERVES THE RIGHT TO MODIFY OR DISCONTINUE LOAN PROGRAMS AND BORROWER BENEFITS AT ANY TIME WITHOUT NOTICE. APPLICANTS SHOULD CHECK THE NELLIE MAE WEBSITE (NELLIEMAE.COM) CLOSE TO THEIR LOAN DISBURSEMENT DATE TO OBTAIN THE MOST UP-TO-DATE INFORMATION REGARDING LOAN PROGRAMS, INCLUDING BORROWER BENEFITS.

4Borrowers who authorize the automatic debit of funds from their checking or savings account to cover their monthly education loan payments will receive an interest rate reduction of 0.25 percentage point on eligible Stafford Loans. Assuming the loan is serviced by Sallie Mae, this benefit remains available during active repayment for as long as the borrower’s monthly payment is successfully deducted from the borrower’s account. If the loan is not serviced by Sallie Mae, other restrictions may apply as determined by the U.S. Department of Education.

FIFTH THIRD RESERVES THE RIGHT TO MODIFY OR DISCONTINUE LOAN PROGRAMS AND BORROWER BENEFITS AT ANY TIME WITHOUT NOTICE. APPLICANTS SHOULD CHECK THE FIFTH THIRD WEBSITE CLOSE TO THEIR LOAN DISBURSEMENT DATE TO OBTAIN THE MOST UP-TO-DATE INFORMATION REGARDING LOAN PROGRAMS, INCLUDING BORROWER BENEFITS.

Upromise and Upromise Loan Link are service marks or registered service marks of Upromise, Inc. Sallie Mae is a registered service mark and Direct Repay is a service mark of Sallie Mae, Inc. SLM Corporation and its subsidiaries, including Sallie Mae, Inc., are not sponsored by or agencies of the United States of America. Sallie Mae reserves the right to modify or discontinue loan programs at any time without notice. Terms and conditions apply.

Subject to the above, borrower benefits are effective for Stafford Loans guaranteed June 9, 2008 through June 30, 2009.

SunTrust Bank may sell your Stafford, PLUS or Grad PLUS Loan to the U.S. Department of Education or to another education loan provider. The interest rate and term of the loan will not change if your loan is sold. SunTrust does not currently sell its Academic Answer private loans.


The information on this Web page was gathered on behalf of the Financial Aid Office at Northern Virginia Community College and is believed to be correct as of this posting, but this information is not warranted and is subject to change without notice.