Welcome to LoanConnect!

You have a choice

Students and parents have a choice when selecting a lender for their educational loans. The National Lender List link below is designed to give you access to the thousands of banks, credit unions and lending institutions from around the country who participate in the Federal Family Education Loan Program (FFELP). A student has the right to choose any lender who participates in this program.

Below you will also find a list of commonly used FFELP lenders who have been found to offer enhanced online services, streamlined loan processes and high levels of customer service. These lenders may also choose to partner with MOHELA in offering benefits like interest rate reduction, loan forgiveness and professional or academic award programs to eligible borrowers.

You may enter a different loan amount than the one below and hit the ‘Next, Display Lenders’ button. You may further compare selected lenders by checking the box next to the particular lenders and hit the ‘Compare’ button. You may also sort the list by clicking on the item heading. Once you have made your decision, select the ‘Apply’ button next to the lender to start the application process.

Enter Loan Amount: (used for calculation purposes only) Minimum monthly payment is $50.00

Stafford Loan Commonly Used Lenders

Current Interest Rate for:
Undergrad Unsub Stafford & All Graduate Stafford Loan = 6.8%
Undergrad Sub Stafford Loan = 5.6%

Sort by:	Lender	Servicer	Monthly Payment	# of Payments	Total Cost of Loan

Sort by:

Lender		Servicer	Monthly Payment	# of Payments	Total Cost of Loan
	Undergrad Unsub Stafford & All Graduate Stafford	MOHELA	57.54	119	6,822.25
Lender Code: 81454800	Undergrad Sub Stafford	MOHELA	54.51	119	6,468.69

View Benefit Details

Undergrad Unsub Stafford & All Graduate Stafford

Fee Savings:	50.00
Reduction Savings:	107.63
# Payments Saved:	1
Total Savings:	157.63

Undergrad Sub Stafford

Fee Savings:	50.00
Reduction Savings:	97.74
# Payments Saved:	1
Total Savings:	147.74

Lender		Servicer	Monthly Payment	# of Payments	Total Cost of Loan
	Undergrad Unsub Stafford & All Graduate Stafford	Sallie Mae	57.54	119	6,822.25
Lender Code: 80221800	Undergrad Sub Stafford	Sallie Mae	54.51	119	6,468.69

View Benefit Details

Default Fee:

0.00%

Origination Fee:

0.50%

Interest Rate Reduction:

You may qualify for a 0.25 percentage point interest rate reduction when you make payments on your Sallie Mae Stafford loan by automatic debit. 1

Principal Reduction:

None

Rebates:

None

Other Benefits:

Why More Students And Families Choose Sallie Mae

• Unwavering commitment and stability for more than 35 years—we have helped over 21 million students realize their dream of a higher education

• Easy online application and 24/7 online account management

• Combined billing is available for Sallie Mae-serviced student loans

• Join Upromise® at www.upromise.com and use the rewards you earn on your everyday purchases to help automatically pay down your eligible Sallie Mae-serviced loans with Upromise Loan Link® 2

• Tuition payment plans to help make college costs more affordable

• Sallie Mae’s Education Investment PlannerSM—an interactive tool that can help you plan for education expenses based on your family’s own unique financial situation

1,2 Visit www.SallieMae.com/StaffordTerms to learn how to earn the borrower benefit and other important information.

Interest Rate for Undergrad Unsub Stafford & All Graduate Stafford:

6.55%

Interest Rate for Undergrad Sub Stafford:

5.35%

Undergrad Unsub Stafford & All Graduate Stafford

Fee Savings:	50.00
Reduction Savings:	107.63
# Payments Saved:	1
Total Savings:	157.63

Undergrad Sub Stafford

Fee Savings:	50.00
Reduction Savings:	97.74
# Payments Saved:	1
Total Savings:	147.74

Lender		Servicer	Monthly Payment	# of Payments	Total Cost of Loan
	Undergrad Unsub Stafford & All Graduate Stafford	Chase	57.54	119	6,822.25
Lender Code: 80300000	Undergrad Sub Stafford	Chase	54.51	119	6,468.69

View Benefit Details

Default Fee:

0.00%

Origination Fee:

0.50%

Interest Rate Reduction:

A 0.25% interest rate reduction for borrowers who elect to have their monthly payments automatically deducted from a bank account. *

Principal Reduction:

None

Rebates:

None

Other Benefits:

*See Web site or call for important terms and information. Benefits apply to Stafford, PLUS and Grad PLUS loans originated under a Chase lender code and guaranteed on or after June 1, 2008. Chase may sell its loans to the U.S. Department of Education and the U.S. Department of Education may continue to honor the automatic payment interest rate reduction.

Fixed interest rate

Six-month grace period after graduation (or when you are no longer enrolled at least half time) before you need to begin repayment

Flexible repayment terms

Borrowers may be able to defer payments while in college, unemployed or experiencing economic hardship

Chase had more than 40 years of experience in the student loan industry

Interest Rate for Undergrad Unsub Stafford & All Graduate Stafford:

6.55%

Interest Rate for Undergrad Sub Stafford:

5.35%

Undergrad Unsub Stafford & All Graduate Stafford

Fee Savings:	50.00
Reduction Savings:	107.63
# Payments Saved:	1
Total Savings:	157.63

Undergrad Sub Stafford

Fee Savings:	50.00
Reduction Savings:	97.74
# Payments Saved:	1
Total Savings:	147.74

Lender		Servicer	Monthly Payment	# of Payments	Total Cost of Loan
	Undergrad Unsub Stafford & All Graduate Stafford	Nelnet	57.54	119	6,822.25
Lender Code: 82457300	Undergrad Sub Stafford	Nelnet	54.51	119	6,468.69

View Benefit Details

Default Fee:

0.00%

Origination Fee:

0.50%

Interest Rate Reduction:

0.25% interest rate reduction for making payments using auto-debit

Principal Reduction:

None

Rebates:

None

Other Benefits:

24/7 student loan application and account access online at www.nelnet.com

Toll-free access to helpful Nelnet Advisors: 1.877.804.3603

Flexible repayment options

Free practice tests for standardized exams, scholarship searches and FASFA assistance online at www.nelnet.com

Interest Rate for Undergrad Unsub Stafford & All Graduate Stafford:

6.55%

Interest Rate for Undergrad Sub Stafford:

5.35%

Undergrad Unsub Stafford & All Graduate Stafford

Fee Savings:	50.00
Reduction Savings:	107.63
# Payments Saved:	1
Total Savings:	157.63

Undergrad Sub Stafford

Fee Savings:	50.00
Reduction Savings:	97.74
# Payments Saved:	1
Total Savings:	147.74

Lender		Servicer	Monthly Payment	# of Payments	Total Cost of Loan
	Undergrad Unsub Stafford & All Graduate Stafford	Great Lakes	57.54	120	6,979.88
Lender Code: 82442100	Undergrad Sub Stafford	Great Lakes	54.51	120	6,616.43

View Benefit Details

Undergrad Unsub Stafford & All Graduate Stafford

Fee Savings:	0.00
Reduction Savings:	0.00
# Payments Saved:	0
Total Savings:	0.00

Undergrad Sub Stafford

Fee Savings:	0.00
Reduction Savings:	0.00
# Payments Saved:	0
Total Savings:	0.00

Lender		Servicer	Monthly Payment	# of Payments	Total Cost of Loan
	Undergrad Unsub Stafford & All Graduate Stafford	MOHELA	57.54	119	6,822.25
Lender Code: 82886300	Undergrad Sub Stafford	MOHELA	54.51	119	6,468.69

View Benefit Details

Default Fee:

0.00%

Origination Fee:

0.50%

Interest Rate Reduction:

0.25% interest rate reduction for auto-debit payments

Principal Reduction:

None

Rebates:

None

Other Benefits:

Loan Forgiveness based on eligibility

24 hour account access via web (www.mohela.com) or voice response unit (888-866-4352)

Missouri based company dedicated to helping Missouri families finance their educational endeavors

Walk in customer service available

Flexible repayment options tailored to suit your individual needs

Comprehensive debt management and financial literacy tools to assist you available on www.mohela.com

Deferment and Forbearance options to temporarily postpone your payments

Extended repayment options for loan balances totaling $30,000 or more

Interest Rate for Undergrad Unsub Stafford & All Graduate Stafford:

6.55%

Interest Rate for Undergrad Sub Stafford:

5.35%

Undergrad Unsub Stafford & All Graduate Stafford

Fee Savings:	50.00
Reduction Savings:	107.63
# Payments Saved:	1
Total Savings:	157.63

Undergrad Sub Stafford

Fee Savings:	50.00
Reduction Savings:	97.74
# Payments Saved:	1
Total Savings:	147.74

Lender		Servicer	Monthly Payment	# of Payments	Total Cost of Loan
	Undergrad Unsub Stafford & All Graduate Stafford	Wachovia	57.54	119	6,822.25
Lender Code: 83000500	Undergrad Sub Stafford	Wachovia	54.51	119	6,468.69

View Benefit Details

Default Fee:

0.00%

Origination Fee:

0.50%

Interest Rate Reduction:

0.25% interest rate reduction with auto-debit payments

Principal Reduction:

None

Rebates:

None

Other Benefits:

5.6% fixed interest rate for subsidized undergraduate, 6.8% for all unsubsidized and graduate Stafford loans

Make no payments until 6 months after you graduate

Multiple repayment options

Quick applications - both online and over the phone

Options to electronically sign your Master Promissory Note

One place for all your financial needs. Auto and home loans, investment accounts and more

Call our student loan representatives for personal assistance with your student loan questions at 1-800-338-2243

In combination with Wells Fargo, we offer over 6,500 banking stores and over 12,000 ATMs nationwide

Interest Rate for Undergrad Unsub Stafford & All Graduate Stafford:

6.55%

Interest Rate for Undergrad Sub Stafford:

5.35%

Undergrad Unsub Stafford & All Graduate Stafford

Fee Savings:	50.00
Reduction Savings:	107.63
# Payments Saved:	1
Total Savings:	157.63

Undergrad Sub Stafford

Fee Savings:	50.00
Reduction Savings:	97.74
# Payments Saved:	1
Total Savings:	147.74

Lender		Servicer	Monthly Payment	# of Payments	Total Cost of Loan
	Undergrad Unsub Stafford & All Graduate Stafford	MOHELA	57.54	119	6,822.25
Lender Code: 81397900	Undergrad Sub Stafford	MOHELA	54.51	119	6,468.69

View Benefit Details

Default Fee:

0.00%

Origination Fee:

0.50%

Interest Rate Reduction:

0.25% interest rate reduction for auto-debit payments

Principal Reduction:

None

Rebates:

None

Other Benefits:

Personalized customer service

A live person answers the phone when you call 800-666-3910

24 hour account access via web (www.mohela.com) or voice response unit (888-866-4352)

Missouri based company dedicated to helping Missouri families finance their educational endeavors

Commerce Bank has been in business for 46 years

Commerce Bank has branch presence throughout Missouri and the student loan department is located in St. Louis

Walk in customer service available

Flexible repayment options tailored to suit your individual needs

Loan Forgiveness based on eligibility

Comprehensive debt management and financial literacy tools to assist you available on www.commercebank.com/money101

Deferment and Forbearance options to temporarily postpone your payments

Extended repayment options for loan balances totaling $30,000 or more

Interest Rate for Undergrad Unsub Stafford & All Graduate Stafford:

6.55%

Interest Rate for Undergrad Sub Stafford:

5.35%

Undergrad Unsub Stafford & All Graduate Stafford

Fee Savings:	50.00
Reduction Savings:	107.63
# Payments Saved:	1
Total Savings:	157.63

Undergrad Sub Stafford

Fee Savings:	50.00
Reduction Savings:	97.74
# Payments Saved:	1
Total Savings:	147.74

Haven't found your lender?

MOHELA Lender Partner List

By selecting a MOHELA Lender Partner from the dropdown, you can eSign the Master Promissory Note right now! This makes processing your loan faster and easier!

National Lender List

Search thousands of lenders who participate in the FFEL program by clicking on the link above. If you select a MOHELA Lender Partner (highlighted in green) from this list, you can complete & eSign the MPN now. If you select a Non-MOHELA lender you will have to download and print the MPN, fill it out, and return it to the Financial Aid Office.