Selecting Your Federal Family Educational Loan Lender

If you have completed your FAFSA, and you want a Federal Family Educational Loan, you will need to actively select your lender. 

Choosing a lender is a very important process.  We recommend the following lenders based on the quality of products and services they provide to the University of South Carolina Regional Campus students and families. We have carefully considered our selections in order to provide you with the best possible list of suggested lenders. However, if you wish to use a lender that is not on the list below, apply online with the selected lender and ask the lender to fax the school certification form to the financial aid office.   Lender Comparison Chart 

South Carolina Student Loan - www.scstudentloan.org
Key Bank – www.key.com/stafford
Regions Bank – studentloans.regions.com
Sallie Mae – www.salliemae.com
Sun Trust – www.suntrusteducation.com

Note:  You cannot receive a Federal Family Educational Loan unless you make a lender selection.

The steps for requesting a Federal Stafford Loan are as follows:

New Borrowers at USC Lancaster, Salkehatchie, Sumter and Union
Step 1:  Review and compare the lender information.
Step 2:  Choose a lender and complete the Lender Request form.
Step 3:  Submit the completed Federal Stafford Loan and Lender Request Form
              to the Student Financial Aid Office.
Step 4:  Complete the required Stafford Entrance Counseling online at
              http://www.mapping-your-future.org/.
Step 5:  Complete and sign the Master Promissory Note (MPN) from your lender. This
              may be an electronic on-line signature.

Previous Borrowers at USC – Lancaster, Salkehatchie, Sumter and Union
Unless you notify the Student Financial Aid Office, your new academic year Federal Stafford Loan will be processed with the same lender you used previously.  You do not have to choose a lender and re-apply.

The steps for requesting a Federal PLUS Loan are as follows:
Apply online with the selected lender and ask the lender to fax the school certification form to the financial aid office.  You can also make a request with the financial aid office.