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Lender List Rationale

The Office of Student Financial Planning at Lasell College is committed to providing educational funding options to students and parents to fulfill student’s goals and dreams.

Borrowers must choose their own lender. The Lasell College lender list includes institutions that have been evaluated by the Office of Student Financial Planning using criteria we deem appropriate and valuable to consider when borrowing a student loan such as interest rates, fees charged on the loans and customer service provided to borrowers both while in school and during repayment. You may choose any lender that participates in the Federal Family Education Loan Programs, whether they are included on the Lasell College Lender list or not.

Before making the decision to borrow, students and parents should review the following guidelines:

• Lenders are evaluated annually to be included on the Lender List.
• Lasell College does not receive any benefits in exchange for placing a lender on the list.
• A student or parent borrower may select any lender and is not restricted to the lenders presented on the list. A borrower should not be directed to any specific lender by the University.
• A student or parent has the right to cancel their student loan, in part or in full. The request for cancellation must be submitted in writing to the Office of Student Financial Planning.
• A lender may retain the borrower’s promissory note while in school and through the repayment time period, while other lenders may sell the note to a secondary market for repayment. A borrower should contact the lender selected to determine their specific process.
• Alternative Educational Loans should only be considered once borrowers have explored the lower interest rate options available through the Stafford and/or Parent PLUS loan programs.
• Alternative Educational Loans provide additional educational funding options but generally have higher, variable interest rates as well as different repayment terms and options. Potential borrowers should carefully compare all loan terms and conditions.

Welcome!

SimpleTuition has been selected to assist you in selecting funding that meets your needs. Please research the types of loans that are available and compare the benefits that are being provided to you by each lender. The lenders provided to you have been reviewed by the Office of Student Financial Planning and we feel that they provide our students with good customer service and provide flexibility to meet the needs of our community. If you find another lender that you would like to use feel free in logging on to their website and process your application with them directly. Also, please notify us via email at finaid@lasell.edu that you are using a lender that is not on our lender list.

If you are completing a Stafford Loan application don’t forget about completing the Entrance Session on line at Mapping Your Future (www.mappingyourfuture.org). This is a Federal requirement and needs to be completed before we can request funds to be disbursed.