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Virginia's Bluefield College

Welcome to the Stafford Loan page for Virginia's Bluefield College.

Choosing a lender is an important decision for students. The lender you choose will be part of the

life of the loan. The lenders on this list are frequently used by our Stafford and PLUS loan borrowers. These

lenders provide excellent benefits and an efficient application process. Additionally, they disburse funds

electronically to Bluefield College, which allows us to post funds directly to your account. We provide this list as a

guide to you; however, you are free to choose another lender without penalty. If you choose another lender,

please inform us so that we may ensure your loan is processed in a timely manner. If you are considering a

lender from our list, we encourage you to review all the information presented for each lender. The lenders listed below meet federal regulations which require no affiliates.

 

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 Bluefield College will process a loan application from any lender on behalf of a student, the Financial Aid Office offers a list of recommended lenders as a resource as part of our students’ selection process. These lenders have competitive 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. Monitoring the lender list gives the Financial Aid Office the opportunity to be an advocate for our students. Bluefield College does not accept financial incentives from any student loan provider. The College’s conflict of interest policy also expects employees to conduct business according to the highest ethical standards of conduct and does not allow an employee who is in a position to influence a decision, to make a decision that may result in a personal gain for the employee or an immediate family member as a result of the college’s business dealings. This includes all interactions with student loan lenders.

 

When you have decided on a lender, click on the lender name to proceed to the next step.

Sallie Mae 802218

Effective for loans guaranteed on or after June 9, 2008

  • 0.25% Interest Rate Reduction for automatic debit
Bank of America 824421

Effective November 1, 2008, Bank of America will cease offering borrower benefits on FFEL Loans.

Edamerica 831453

Effective for loans guaranteed on or after May 15, 2008:

  • 0.25% interest rate reduction for auto-debit
  • No pre-payment penalties
  • One point of contact for life-of-loan servicing
  • Flexible repayment options
  • Non-profit funded company
  • 20 years of experience concentrating solely on student loans
 
SunTrust Bank 819873

Effective for loans disbursed on or after June 9, 2008:

  • 0.25% interest rate reduction for borrowers who sign up for ACH.
  • Easy online application process and e-signature option
  • Fixed Interest Rate - 6.0% for subsidized undergraduate and 6.8% for unsubsidized
  • 24/7 Online account access
  • No pre-payment penalties
  • Flexible repayment options
Wachovia Education Finance 830005 Effective for all loans disbursed on or after July, 1 2008:
  • 0.25% interest rate reduction for ACH 
  • No pre-payment penalties
  • Flexible repayment options 
  • Free “Money Smart” financial literacy program on line 
  • Free Checking, Savings, ATM cards
 

 

The information in this list has been provided by each lender and is subject to change at any time. Accordingly, neither ECMC nor the school can verify the accuracy of the information or how current it may be.

 
© 2006 Virginia's Bluefield College· 3000 College Drive · Bluefield, VA · 24605
Phone: 800.842.0175