The lenders in the Lenders List below are listed because they meet two or more of the following criteria:
- They offer low origination fees.
- They offer the lowest interest rates available.
- They offer incentive repayment programs and/or other benefits.
- They have local branches and/or local representatives.
- They have established a good working relationship with Westminster over the years.
Please note that you are not required to use any of the listed lenders and will not be penalized or disadvantaged if you choose another lender who participates in the Federal Family Education Loan Program (FFELP). Please be sure to compare the fees and terms of all student loan products and determine which are best suited to your needs.
Disclaimer: The Stafford Loan information presented in the table is as of March 10, 2010. Please read carefully the disclosure statement provided by your lender to verify that this information has not changed.
LENDERS LIST |
| Bank Name | Origination Fees | Default Fees | Deferred Payments | Interest Rates for Subsidized and Unsubsidized loans | Interest Rate Reductions For Automatic Debit Payments | Branches |
| National City Bank/PNC | 0.5 % | 1 % | While attending at least half time | 6.8 % | 0.25 % after Jan. 15, 2009 | Local Representative |
| PNC Bank | 0.5 % after July 1, 2009 | 1 % after July 1, 2009 | While attending at least half time | 6.8 % | 0.25 % | Local Representative and Local Branch |
| Univest Bank | 0.5 % | 1 % afterJan. 09 | While attending at least half time | 6.8 % | 0.25 % | Local Representative and Local Branch |
| Wachovia Bank | 0.5 % | 1% after Jan. 09 | While attending at least half time | 6.8 % | 0.25 % | Local Representative and Local Branch |
