Stafford Loan Lender Disclosure
More than 3,000 lenders participate in the Federal Family Education Loan Program (FFELP), and offer students the opportunity to borrow funds in the Stafford Loan program. Student choices are made using criteria such as name recognition, personal banking experience, interest rate, repayment benefits, and recommendations.
While Bridgewater College will process a loan application from any lender on behalf of a student, the Financial Aid Office offers a list of preferred lenders as a resource as part of our students' selection process. These lenders have competitive rates and benefits, good customer service, are capable of delivering loan proceeds quickly using our electronic delivery procedures and meet with our financial aid staff on campus at least twice a year to provide updates. The online lender list rotates electronically. In addition, new lenders may be added to the list while others will be removed for failure to meet the expectations of our students, parents and administrative procedures. Regular monitoring of the preferred lender list gives the Financial Aid Office opportunities to be an advocate for our students.
Bridgewater College does not accept financial incentives from any student loan provider. The College's conflict of interest policies also prohibit employees from accepting gifts with more than a nominal value from any outside entity, including student loan lenders.
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