Westfield State College has established the following preferred lender list to assist you with choosing a lender.  Please know that you have the right and the ability to select the lender of your choice.  You are not required to choose any lender on this list nor will you be penalized for choosing a different lender.  Westfield State College does not recommend one lender to another, nor are we at liberty to choose a lender for you.  As the borrower, you choose the lender of your choice.

This list is re-evaluated each year to determine the following:

• Front end fees and benefits for borrowers
• Repayment benefits to borrowers
• Stability of lender
• Customer service support
• Web-based services for borrowers

The lenders listed below appear in alphabetical order.

Citizens Bank

• 1% origination fee and 1% Default Fee;
• 0.25% interest rate reduction for automatic payment deduction
• Contact info:  www.citizensbank.com/edu or 1-800-708-6684
  

EdAmerica

• 1% origination fee and 1% default fee
• 0.25% interest rate reduction for automatic payment deduction
• Contact information: http://www.edamerica.net or 1-800-337-1009
  

Nellie Mae

• 1% Origination fee and 1% Default Fee
• 0.25% interest rate reduction for automatic payment deduction
• Contact information:  www.salliemae.com or 1-888-272-5543
  
  

Wachovia

• 1% origination fee and 1% default fee
• 0.25% interest rate reduction for automatic payment deduction
• Contact information:  www.wachovia.com/education or
  (800) 338-2243

**The information listed is subject to change at any time. Be sure to check websites for current benefits.