Welcome to the University of Indianapolis Financial Aid Office’slender comparison tool. This site will allow you to compare the three lenders that are on our preferred lender list and will give you more information about the terms of the different loan types, such as Stafford, Parent PLUS, Graduate PLUS, and Private loans.
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
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 40 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.
University of Indianapolis requires Stafford loan applicants to first choose a lender, then record that lender choice on the University’s Stafford Loan Application. If you do not already have a Stafford loan application, you can download one from the financial aid’s website at http://financialaid.uindy.edu/forms.html. The Stafford loan application must be completed and returned to: Financial Aid Office, University of Indianapolis, 1400 East Hanna Avenue, Indianapolis, IN 46227; or you may also fax it to 317-788-6136. Once the school has certified your Stafford loan, you will be notified by the lender when your Stafford Master Promissory Note is available to be completed and signed.
