Part of your financial aid package for the 2008-2009 academic year at St. Lawrence University may include the offer of a Federal Stafford Loan (please review your 2008-2009 financial aid award notification to see if you have been offered a Federal Stafford Loan). As a Federal Stafford Loan borrower, you have the option to borrow your student loan funds through any lender, and it is important to note that you may change your lender at any point in your college career.

If you are satisfied with your current lender, and would like to continue to borrow through that lender in subsequent semesters at SLU, we will continue to process your Federal Stafford Loan with that lender. No additional action will be required on your part.

Some important information about your Federal Stafford Loan:

• You may decline or reduce the amount of your Federal Stafford Loan. If you wish to decline or reduce your Federal Stafford Loan please contact the St. Lawrence University Financial Aid Office by calling 800-355-0863, or e-mailing finaid@stlawu.edu.
• You have the option to borrow your Federal Stafford Loan funds through any lender. St. Lawrence University will process your Federal Stafford Loan with the lender of your choice, and you will suffer no penalty from St. Lawrence University if you opt for a lender that is not on our Lender Options List. If you would like to borrow your Federal Stafford Loan through a different lender this year, please contact the St. Lawrence University Financial Aid Office by calling 800-355-0863, or e-mailing finaid@stlawu.edu. At that point we will provide you with further instructions on how to select a new lender. Please note that if you decide to select a different lender you will be required to complete a new Master Promissory Note (MPN). To learn more about the Federal Stafford Loan, review St. Lawrence University's Lender Options List, and understand on how St. Lawrence compiled this list, please visit our Federal Stafford Lender Resources List. You will also be able to review the highlights of each lender's borrower benefits and customer service offerings.