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    ts will have the ability to pick their lender, regardless of the recommendation of the college financial aid office where they attend.

    Since the Department of Education sets the interest rates for all FFELP student loans, lenders who participate in the program are

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    According to NextStudent, the Phoenix-based premier education funding company, many parents and students may not be aware that they have options when it comes to choosing their lender for such Federal Family Education Loan Program (FFELP) loans as PLUS loans and the unsubsidized and subsidized Stafford Student Loans.

    Applicants' student loans will be processed through one of two federal programs, either the FFELP program or the Direct Loan Program (DLP). With the Direct Loan Program, the U.S. Department of Education partners with the student university to fund the student loan, while the FFELP student loan is funded by private lenders.

    Taking Control of Student Loans

    Typically colleges will suggest a lender if a borrower has a FFELP student loan, but students and their parents have the liberty to select any lender they choose. It is at the discretion of the borrower to select who funds these student loans for which the borrower is qualified. The Higher Education Act ensures that borrowers retain this right, and guarantees that students will have the ability to pick their lender, regardless of the recommendation of the college financial aid office where they attend.

    Since the Department of Education sets the interest rates for all FFELP student loans, lenders who participate in the program are

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    ubsidized and subsidized Stafford Student Loans.

    Applicants' student loans will be processed through one of two federal programs, either the FFELP program or the Direct Loan Program (DLP). With the Direct Loan Program, the U.S. Department of Education partners with the student university to fund the student loan, while the FFELP student loan is funded by private lenders.

    Taking Control of Student Loans

    Typically colleges will suggest a lender if a borrower has a FFELP student loan, but students and their parents have the liberty to select any lender they choose. It is at the discretion of the borrower to select who funds these student loans for which the borrower is qualified. The Higher Education Act ensures that borrowers retain this right, and guarantees that students will have the ability to pick their lender, regardless of the recommendation of the college financial aid office where they attend.

    Since the Department of Education sets the interest rates for all FFELP student loans, lenders who participate in the program are

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    the student university to fund the student loan, while the FFELP student loan is funded by private lenders.

    Taking Control of Student Loans

    Typically colleges will suggest a lender if a borrower has a FFELP student loan, but students and their parents have the liberty to select any lender they choose. It is at the discretion of the borrower to select who funds these student loans for which the borrower is qualified. The Higher Education Act ensures that borrowers retain this right, and guarantees that students will have the ability to pick their lender, regardless of the recommendation of the college financial aid office where they attend.

    Since the Department of Education sets the interest rates for all FFELP student loans, lenders who participate in the program are

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    r parents have the liberty to select any lender they choose. It is at the discretion of the borrower to select who funds these student loans for which the borrower is qualified. The Higher Education Act ensures that borrowers retain this right, and guarantees that students will have the ability to pick their lender, regardless of the recommendation of the college financial aid office where they attend.

    Since the Department of Education sets the interest rates for all FFELP student loans, lenders who participate in the program are

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    ts will have the ability to pick their lender, regardless of the recommendation of the college financial aid office where they attend.

    Since the Department of Education sets the interest rates for all FFELP student loans, lenders who participate in the program are required to charge identical rates. The only difference that varies from lender to lender is in the form of benefits offered to borrowers. These benefits may include: different repayment options, special discounts for on-time payments and electronic payments, and hardship programs that allow borrowers to work with the lender until they become financially stable again.

    Comparing Lenders Benefits Borrowers

    Once borrowers realize they have the ability to hand-pick their lender, they can further scrutinize those companies that are vying for their business. Further considerations may include top-notch customer service and personalized attention from phone representatives. Since each lender is different, it is up to the borrower to select what is most important to them and thereby provide the greatest long-term benefits and savings over the course of the student loan.

    Competitive Incentives Offered by NextStudent

    For PLUS loans and Stafford FFELP student loans, NextStudent has many viable incentives and benefits inc

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