Jacksonville State University Stafford Lender List

In order to receive Stafford and PLUS loan funds, every borrower must complete a promissory note. If this is the first loan you have received since Summer of 2004 at JSU, both student and parent must complete entrance counseling and a new promissory note. Stafford and PLUS funds can not be disbursed until a valid promissory note is received.

JSU has partnered with Sallie Mae to provide an online process for completing promissory notes and e-signing via the web. JSU encourages both student and parent borrowers to take advantage of the online process for faster processing.

Once borrowers have successfully completed the promissory note and electronically signed, an e-mail will be sent to the address provided as confirmation that the process was successfully completed. If a confirmation is not received, borrowers should contact Sallie Mae at 888-272-5543 to inquire as to the status.

Stafford borrowers will be required to complete Entrance Counseling as part of the online process prior to completing the promissory note.

Have you accepted your loan?
If you have already accepted your loans at My.JSU you must wait approximately 24 hours for your loan to be certified by JSU before you can complete this process.  Once you have chosen a lender you will continue on to complete the process.  If you receive the following message while attempting to esign your loan, "There are no loans available at this time", please check back the next day.  If after 48 hours, you are still receiving this message, please contact the JSU Financial Aid office at 256-782-5006.

STUDENTS:  Federal Stafford Loans for Students

PARENTS :  Parents PLUS Loans for Parents of Undergraduate Students

STUDENT LENDERS (Listed in Alphabetical Order) 

You are eligible to receive a Federal Stafford Loan under the Federal Family Education Loan Program (FFELP) for the upcoming academic year. The FFELP provides low-interest, government-backed loans to eligible students to help with costs of higher education. Student loans are guaranteed by United Student Aid Funds (USAF), who charges a 1% default fee.

If you have questions after reading this information, please contact the Office of Financial Aid at 256-782-5006.

The following is a list of established lenders who we have placed on our Online Lender list because they offer excellent customer service and they are familiar with Jacksonville State University's loan processing procedures. Although the interest rate for Stafford loans is set by the Department of Education, some lenders offer special incentives that lower your interest rate or reduce your loan balance.

These lenders are recommended because they utilize our electronic processing procedures to speed the delivery of loan proceeds and some offer borrower benefits. Please check with the lender for details and conditions regarding eligibility for special benefits or incentives. You are encouraged, but not required, to use one of these lenders. If you wish to use another lender not listed here please contact that lender directly. If choosing to use another lender not on the list below, you will also need to contact the Financial Aid office to advise them of your selection.

Alabama College Loan Program
APPLY NOW
www.alstudentaid.com form more information regarding benefits
888-678-4625

Chase
APPLY NOW
www.studentloannet.com for more information regarding benefits
888-272-5543

Citibank
APPLY NOW
www.studentloans.org for more information regarding benefits
800-967-2400

Nelnet Academic Loan
APPLY NOW
www.nelnet.net/academicloan for more information regarding benefits
866-866-7372

Wachovia
APPLY NOW
www.wachovia.com for more information regarding benefits
800-347-7667

Regions Bank (Formerly AmSouth)
A Sallie Mae lending partner
APPLY NOW
www.regions.com for information regarding benefits
800-858-7822

Additional qualification requirements apply for each benefit listed above. Visit each lender’s web site to learn how to earn their benefits.

PARENT LENDERS (Listed in Alphabetical Order)

You are requesting a Federal Parent PLUS Loan under the Federal Family Education Loan Program (FFELP) for the 2007/2008 academic year.  The FFELP PLUS provides low-interest, government backed loans to eligible parents to help students with the cost of higher education.  The interest rate on the Parent PLUS is a fixed rate of 8.5% starting with loans first disbursed on or after July 1, 2006. These loans are guaranteed by United Student Aid Funds (USA Funds), which charges a 1% default fee.

If you have questions after reading this information, please contact the Office of Financial Aid at 256-782-5006.