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Lake Erie College participates in the Federal Family Education Loan Program (FFELP) for the Federal Stafford Loan and PLUS Loan program for parents. You have the right to choose your lender for your federal loan. This USA Funds Loan Comparison is a tool to help you better understand the loan process. More information about loans can be accessed on Lake Erie College's website at http://www.lec.edu/financialaid/loans.

Lender List Rationale

As a resource, Lake Erie College has included a list of lenders who have the qualities and service that have benefited our students. Selection of this lender list was based upon a history of serving our students and responses to a request for information. The lenders on this list are set up in our electronic process, Sallie Mae’s Open Net system. This is a secure web delivery application that we use to ensure timely delivery of loan funds via electronic funds transfer to the student’s account.

The Financial Aid Office cannot select a lender for you. You have the right to select a lender of your choice. If you select a lender that is not on this list, please contact the Financial Aid Office so we may assist you in your loan process.