Office of Financial Aid
Building 39, Room 101
Washington, DC 20008
202-274-5060 • 202-274-6060 (fax)

UDC
     

Preferred Lenders List

Click on the lender of your choice to complete the Loan Application/Master Promissory Note (MPN)

Lender Lender Code
SunTrust 819873
PNC 809921
Edamerica 831453
Citibank 826878
Wachovia 830005

In addition to completing the online Loan Application/MPN students are also required to complete the Office of Financial Aid- Loan Request Form.

Interest Rates for loans disbursed after July 1, 2009 are fixed at:

Undergraduate Subsidized Stafford: 5.6%
Undergraduate Unsubsidized Stafford: 6.8%
Graduate Subsidized and Unsubsidized Stafford: 6.8%
Graduate and Parent PLUS: 8.5%

*Each of the above lenders will deduct an origination fee in the amount of 1% from Stafford loan proceeds and a federal default fee up to 1% may be deducted. For the PLUS Loan (Graduate and Parent) the origination fee is 3% with up to a 1% origination fee.

*Students have the option of selecting a lender from the list above or applying online with a different lender of their choice. You may click on the link below to view how lenders are selected for inclusion on the preferred lenders list.

 

Criteria for Preferred Lender Inclusion UDC criteria for inclusion/exclusion on Lender List

Maximum Annual Loan Limits

 

Dependent

 

Subsidized and/or
Unsubsidized

 

Additional Unsubsidized
Eligibility

 

Freshman

 

$3,500

 

$2,000

 

Sophomore

 

$4,500

 

$2,000

 

Juniors & Seniors

 

$5,500

 

$2,000

In addition to the amounts listed above, a dependent student may qualify for an additional unsubsidized loan, if the parent has been denied the Federal PLUS loan.

 

Independent
Undergraduate

 

Subsidized and/or
Unsubsidized

 

Additional Unsubsidized
Eligibility

 

Freshman

 

$3,500

 

$6,000

 

Sophomore

 

$4,500

 

$6,000

 

Juniors & Seniors

 

$5,500

 

$7,000

Graduate
$8,500
$12,000

 

Aggregate Loan Limits

 

Undergraduate
Dependent Students

 

$31,000 (No more than $23,000 may be subsidized)

 

Undergraduate
Independent Students

 

$57,500 (No more than 23,000 may be subsidized)

 

Graduate & Professional Students

 

$138,500 (No more than $65,000 may be subsidized)