Lender Information & the Master Promissory Note

The recommended lenders listed here have been selected based on their qualifications and past experience that they offer excellent service and benefits to their borrowers. In addition, these lenders (and many others) work with our main guarantor, Tennessee Student Assistance Corporation (TSAC) in the EFT (electronic fund transfer) process.

You are free to choose ANY lender that participates in the Federal Family Education Loan (FFEL) program even if they are not on this list. If you select a non-TSAC lender, you may be required to submit a paper application which may be a slower process due to normal postal mailing times. However, these processes have been streamlined enough so the delay is not overwhelming. Neither the University of Tennessee nor the Office of Financial Aid & Scholarships benefits from YOUR choice of lender.

If you have borrowed previously, we suggest you consider remaining with that lender or another lender that works with your same servicer. If you do select a different lender or servicer, be aware of the advantages and disadvantages of your decision.

The Office of Financial Aid & Scholarships will strive to process your loan quickly and accurately regardless of the lender you choose. Your student loan is yours, be informed, ask questions of your lender or prospective lenders.

More information on how The University of Tennessee selects recommended lenders, including lender qualifications and our selection philosophy.