In early fall of 2007, detailed information on loan products, services, and borrower benefits was requested of ten major lending institutions.  The information received was reviewed by a committee comprised of University administrators outside of the Office of Student Financial Aid.  The goal was to select the best loan products in terms of borrower benefits and cost savings over the life the loan to students and parents.  The costs of the loan products reviewed were derived from a comparison chart verified by an independent accounting firm.

In November 2007, all lender participants were notified of the results of the lender review process.  As a result, College Foundation, Chase Education Finance, and Sallie Mae were selected for inclusion on our preferred lender lists for both Federal Stafford Loans and Federal PLUS Loans. 

It is University of North Carolina System policy to include at least three lending institutions on preferred lender lists for the federal loan programs.  The Office of Student Financial Aid will not discourage, refuse, or delay processing of a loan from a lender not on the preferred list.

The preferred lender list will be reviewed and updated on an annual basis.  If you have any questions about this policy or any of the loan processes at UNC Charlotte, please call the Office of Student Financial Aid at 704-687-2461. 

Please review our Preferred Lender List  at the following link: UNC Charlotte  Preferred Lender List