Recommended Lender List for 2009-2010

If you would like to select one of our preferred lenders, please click on the name of one of the following banks:

Edamerica

  • 0.5% origination fee
  • 0 default fee w/ TSAC
  • .25% interest rate reduction for auto-debit
  • Phone: (800) 337-1009
  • Web: http://edamerica.net

1st Tennessee

Fifth Third

Nelnet

  • 1% origination fee
  • 0 default fee w/ TSAC
  • .25% interest rate reduction for auto-debit
  • Phone: (877) 804-3603
  • Web: http://www.nelnet.com

Regions

Sallie Mae

  • 1% origination fee
  • 0 default fee w/ TSAC
  • .25% interest rate reduction for auto-debit
  • Phone: (888) 272-5543
  • Web: http://SallieMae.com

SunTrust

US Bank

  • 1% origination fee
  • 0 default fee w/ TSAC
  • .25% interest rate reduction for auto-debit
  • Phone: (800) 242-1200
  • Web: http://www.usbank.com

The recommended lenders listed above have been selected based on past experience and qualifications, and they offer excellent service and benefits to their borrowers. In addition, these lenders (and many others) work with our main guarantor, Tennessee Student Assistance Corporation (TSAC) in the EFT (electronic fund transfer) process. You are free to choose ANY lender that participates in the FFEL program even if they are not on this list. If you select a non-TSAC lender, you may be required to submit a paper application which may be a slower process due to normal postal mailing times. However, these processes have been streamlined enough so the delay is not overwhelming. Neither the University of Tennessee Health Science Center (UTHSC) nor the Office of Financial Aid & Scholarships benefits from YOUR choice of lender.

If you have borrowed previously, we suggest you consider remaining with that lender or another lender that works with your same servicer. If you do select a different lender or servicer, be aware of the advantages and disadvantages of your decision.

The Office of Financial Aid & Scholarships will strive to process your loan quickly and accurately regardless of the lender you choose. Your student loan is yours, be informed, and ask questions of your lender or prospective lenders.

Contact Us

910 Madison Avenue # 520
Memphis, TN 38163
Monday - Friday
8:00 a.m. - 5:00 p.m.
(901) 448-5568
email:fao@utmem.edu