A comparison list of some of the participating Federal Family Education Loan Program (FFELP) lenders (Stafford and/or PLUS Loans) is provided below for your convenience.  Students are free to borrow from any lender, not just the ones on the list provided.  If you choose a lender not on the list contact the lender directly to determine your next steps and contact our office to provide us with the lender contact information. 

If you choose a lender from the comparison list, your loan will be processed and delivered by the Montana Guaranteed Student Loan Program (MGSLP) to Carroll College using electronic funds transfer (EFT).  If you choose a lender not on this list please contact the lender directly for instructions on the application and disbursement process.

Factors considered in the development of the Carroll College list of Federal Family Educational Loan Program (FFELP) Stafford Loan and Parent PLUS lenders:

  • Borrower benefits
  • Origination fees
  • Opportunity for forbearance or postponement of payment
  • Marketing practices
  • Source and stability of capital used in providing loans
  • Mergers and acquisitions in past five years
  • Commitment to debt management and default aversion
  • Reputation at the local, state, regional and national levels
  • Default rates
  • Mission statement
  • Demonstrated security of borrow information
  • Ease of application process
  • Web-based application and services
  • Proactive customer communication
  • Timely and responsive processing
  • Knowledgeable customer service representatives
  • Loan consolidation services and options

To view the Lender Comparison List click here.

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