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Federal Stafford Loans

The Loan Process

USF initiates the loan process and does all processing electronically. Check your award notice each year after you are awarded to see if you have loans.

Steps to the loan process:

  1. Apply each academic year by completing a Free Application for Federal Student Aid (FAFSA) and completing all requirements listed in OASIS.  Check OASIS for unsatisfied requirements and to see your award offer.
  2. Accept, decline, or reduce your loan amounts through OASIS.
  3. If  you are a first time student loan borrower, or if your previous lender is no longer participating in the program, you must choose a lender.  You may choose a lender from the drop down menu in OASIS when you accept your loan(s).
    • To assist in your selection, use the recommended lender list to link to the lender web site and review the borrower benefits.
    • Lenders on the recommended list were selected based on the results of an independent survey, and meet criteria most beneficial to student borrowers at USF. Consideration was given to lenders who offer exceptional service and electronic processing , which expedites the delivery of funds to the student borrower.
    • If you wish to choose a lender not on the list, notify us so that we can assist you with a separate form to provide your lender information.
  4. Check OASIS to see if an Entrance Interview is listed under your “Unsatisfied Requirements.”* www.usf.edu/oasisGraphic: Leaving USFAS Indicator
  5. Complete the MasterPromissory Note (MPN) if this is your first time borrowing at USF. Most lenders offer electronic MPNs. If you choose a lender from the list below, a link to the MPN is provided. Otherwise, contact your lender directly for information on completing their MPN process.

*Visit our tutorials page if you need help navigating OASIS, choose your area of interest and a short tutorial will run automatically.


Recommended Lender List & Links To Electronic Master Promissory Notes

Lenders on the recommended lender list were selected based on the results of an independent survey, and meet criteria that is most beneficial to a student borrower at USF. Consideration was given to lenders who offer exceptional service and electronic processing which expedites the delivery of funds to the student borrower.

You are not required to use one of these lenders. 

There are many things to consider when choosing a lender, here are a few:

  • Check the lender's website for the most current and comprehensive borrower benefits. Consider the borrower benefits that are best for you personally.
  • Do you prefer to benefit now or during repayment? Reflect on your own consumer habits when considering what is best for you.
  • Check with the lender to see if the benefits hold true if you consolidate your loans after graduation.
  • Does it matter to you who services your loan i.e. who answers your questions if you have issues or concerns with borrowing or repayment?
       

Lender

Phone Number

Website

Links to Electronic Promissory Notes

Loan Serviced By

Citibank
Code: 826878

(800) 967-2400

Citibank Website

Citibank MPN

Citibank

Discover Student Loans
Code: 831312

(877) 728-3030

Discover Website

Discover MPN

Great Lakes

Regions Bank
Code: 810612

(800) 858-7822

Regions Website

Regions MPN

Sallie Mae

Sallie Mae
Code: 802218

(888) 272-5543

Sallie Mae Website

Sallie Mae MPN

Sallie Mae

SunTrust
Code: 824135

(800) 208-9729

SunTrust Website

SunTrust MPN

Nelnet

Wells Fargo
Code: 807176

(800) 658-3567

Wells Fargo Website

Wells Fargo MPN

Wells Fargo

Access Group
(Medical Students Only)
Code: 808851

(800) 282-1550

Access Group Website

Access Group  MPN

Access Group


Note: The following lenders have been removed from our lender list. You can complete their respective MPN at the links below:

Graphic: Leaving USFAS Indicator indicates you are leaving the USFAS website
jkrez - 10/11/10