2009-2010 Federal Stafford Loan Master Promissory Note (MPN)

The FAU Office of Student Financial Aid can process a Federal Stafford Loan with any lender which participates in the Federal Family Education Loan Program. When selecting a lender, FAU advises students to compare lenders based on the total cost of the loan, incentives for on-time repayment, and efficiency / quality of service. As a starting point, FAU suggests the lenders below, as they all have established a track record of efficient loan processing and timely delivery of funds.


STAFFORD LOAN MASTER PROMISSORY NOTE (MPN) E-SIGN LINKS

Students may complete their Stafford Loan Master Promissory Note (MPN) requirement with their chosen lender on-line by double clicking on the lender's corresponding link below.

EdAmerica (831453)

(800) 337-1009

Website

Wachovia (830005)

(800) 338-2243

Website

Wells Fargo (807176)

(800) 658-3567

Website

NOTE:  S tudents accepting Federal Stafford Loans must complete the Master Promissory Note (MPN) and submit the Stafford Loan Requirements Checklist to the Office of Student Financial by the fee payment deadline in order to qualify for deferment.      


FEDERAL STAFFORD LOAN FEES: Please be advised that, prior to disbursement, the loan amount listed on your account does not reflect loan fees deducted from your disbursement by your lender. Some lenders may charge loan fees up to 3% of your disbursement amount.  This rate varies by lender and is subject to change. To illustrate, if you are scheduled to receive a $1,000 loan disbursement from a lender who assesses a 3% loan fee, the lender will send a net disbursement of only $970.00 to the school (the amount equating to 97% of $1,000).             

 

Last Modified - 06/22/10 16:01:55

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