Apply for Stafford Loans
STEP 1 of 2: CHOOSE A LENDER AND COMPLETE A MASTER PROMISSORY NOTE
It is the student's or parent's choice to select a lender for their loan and we are ready to work with whatever lender you choose. For your convenience and consideration, we have compiled a list of lenders that have communicated to us their stability and commitment to provide funds for our students and parents. These are all lenders that our families have used in the past. Be assured that Gordon College receives no benefits, financial or other, from this lender for being chosen to be on our suggested lender list. We have found them to be competitive in the market and have been efficient in processing with the school. Regardless of the lender you choose, please be sure to read all promissory notes and disclosures before signing.
The lenders we are suggesting for your consideration are listed below. Clicking on a lender in this list will direct you to their website where you can complete the Master Promissory Note on-line for a Stafford loan. Please watch for 2009-10 academic year updated information.
Citizens Bank
Nellie Mae
Discover Student Loans
Chase
Wells Fargo
State Agencies (These loans may have residency restrictions)
Vermont Student Assistance Corporation
Rhode Island Student Loan Authority
When you have applied, we will receive notification of your application through ELM, our loan processing agency. We will complete the certification of the loan by notifying the lender that the student is enrolled at Gordon College. The funds will then be disbursed to Gordon in late August.
STEP 2 of 2: COMPLETE THE STAFFORD LOAN ENTRANCE INTERVIEW
In order for your Stafford Loan funds to be disbursed to the school, the student is federally required to complete a Stafford Loan Entrance Interview. The entrance interview consists of a series of questions that a student can complete online and is designed to ensure that the student understands the responsibilities and benefits of this loan. Once the student has completed the entrance interview, the school will receive notification and funds for that student's Stafford Loan will be released for disbursement.