NSU Preferred Lender List

Important Information Complete Lender Request Form

The Office of Student Financial Assistance (OFSA) is committed to ensuring the integrity of the student loan process at Nova Southeastern University (NSU).  In order to provide student borrowers with the opportunity to select a lender that offers the best overall cost savings, quality customer service, and competitive front- and back- end borrower benefits, a list of NSU preferred lenders has been selected through a Preferred Lender List Selection Process. The preferred lenders are and their associated benefits are listed below.

The preferred lender list is a guide prepared for your benefit as a student borrower.  Please be aware that you are NOT required to select a lender from the NSU Preferred Lender List but may provide a lender of your own choice when completing the Lender Request Form.

Access Group Lender Code: 808851 Loan Program Benefits 1.5% origination fee 1 1% Federal default fee 2 0.25% interest rate reduction with auto-debit with continuous on-time payment Life of loan servicing Extended Repayment Release– the last 12 monthly payments waived when extended repayment over 25 years is utilized	Citibank Lender Code: 826878 Loan Program Benefits 1.5% origination fee 1 1% Federal default fee 2 0.50% automatic interest rate reduction at repayment 0.25% interest rate reduction with auto-debit and agreement to only receive statements electronically Life of loan servicing The last six payments will be paid when all payments are made on time (aggregate balance at repayment must be $4,500).
Bank of America Lender Code: 801871 Loan Program Benefits Zero origination fee 1% Federal default fee 2 0.25% interest rate reduction for Bank of America Checking or Savings Account Customers (reduction will apply after first on-time monthly payment	Edamerica Lender Code: 831453 Loan Program Benefits Zero origination fee 1% Federal default fee 2 0.25% interest rate reduction with auto-debit Life of loan servicing Edloan– 3% interest rate reduction during repayment for eligible Teachers and Nursing or Healthcare administration students. 2% interest rate reduction during repayment for Bio-Medical and Computer Engineering students. To learn more about the program or to register, go to www.edamerica.net/edloan
Sallie Mae Education Trust Lender Code: 802218 Loan Program Benefits 1.5% origination fee 1 Zero Federal default fee 0.30% interest rate reduction with auto-debit with continuous on-time payments Life of loan servicing

¹ The Lender Origination Fee is a fee paid by the borrower to the lender to cover administrative fees. This percentage will be deducted from your loan disbursements.

² The Federal Default Fee is a fee charged by the department of education to cover the cost of student borrowers who default on their student loans. This percentage will be deducted from your loan disbursements.