Lender List Rationale
The University of Indianapolis has established a policy and procedures to select lenders for a preferred lender list. These are lenders that meet or exceed criteria that are valuable to the student and the University. Choosing a lender can be a challenge for students, so selecting a lender from the preferred lender list may be helpful. However, students are free to choose any lender, even if the lender is not on our preferred list.
Our preferred lenders were chosen by the Financial Aid Policy Committee via an evaluation process that included:
Stability, longevity and reputation
Efficient processing
Customer service (for the student and the university)
Use of technology
Borrower benefits
Lender value added support services
Default management
Based on these criteria and previous experience up to ten lenders provided information to the Financial Aid Policy Committee. This committee objectively evaluated each lender on over 10 criteria and selected three lenders for the preferred lender list. The evaluation process is conducted annually. While the preferred lender list may change, it is important that, once chosen, the student should borrow from the same lender to avoid multiple payments upon graduation.
If you choose one of the University of Indianapolis' preferred lenders, you can apply by clicking on the Apply button for that particular lender. This will take you to a website where you can complete your Stafford Master Promissory Note and Entrance Counseling. Please note that if you have already borrowed from a Stafford loan and have a valid Promissory Note on file, you do not need to reapply, unless you want to switch lenders, which we do not recommend. If you do not want to select one of our preferred lenders, you will have the opportunity to pick a different lender.
Welcome to the University of Indianapolis Financial Aid Office’s lender comparison tool. This site will allow you to compare Private loans.
To review lender options for each loan program, you must first enter a loan amount and loan type. This amount does not have to be the exact amount that you are borrowing. You will then need to complete some biographical information. Once you get to the preferred lender list, if you want to choose one of them, all you have to do is click the Apply button.
If you have questions, please contact us at:
Financial Aid Office
University of Indianapolis
1400 E. Hanna Avenue
Indianapolis, IN 46227
Phone: (317)788-3217 or (800)232-8634
Email: finaid@uindy.edu
