Loans
Student Loans
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Definitions»Lenders: The lenders are banks, credit unions, savings and loan institutions, and insurance companies who participate in FFELP are eligible to provide funds for federally sponsored education loans. The lender is the holder of the loan. Your lender may sell your loan to a secondary market; however, the terms and conditions of your loan remain the same. Servicer: The Servicers are institutions contracted by lenders to perform loan origination, due diligence, and/or collection and reporting functions on student loan portfolios for lenders. Servicers administer loans on behalf of lenders and secondary markets. |
TTUHSC Lenders - A Few Tips
Texas Tech University Health Sciences Center works with many lenders. Some basic information:
- Why select a Federal Loan vs. Private Loans? FinAid!
- Your lender will usually sell your loan at some point for servicing. Normally it will be the servicer listed.
- If you have an outstanding Stafford loan, you are encouraged to select a lender that uses the same servicer.
- For information on your prior Stafford Loans, please visit the Texas Guaranteed Student Loan Corporation's Website.
TTUHSC Lender List
Alternative and Grad PLUS Loans