 Lender Information
Chapman University School of Law participates in the William D. Ford Federal Direct Loan Program. Due to a change in the legislation signed into law by President Obama, all student loans will be disbursed via this program. All students will be required to complete a Master Promisorry Note. New borrowers witll be required to complete Entrance Counseling. Both are available online at StudentLoans.gov.
If you have questions regarding this process or the move to Direct Lending please view our Frequently Asked questions page or call our office.
Bar Study Loans
Most lenders are not currently offering a Bar loan. The lenders listed below are still offering this product. Please contact them directly to apply for this loan.
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Secondary MarketsSome lenders will sell student loans to a secondary market, either immediately after disbursement or when a borrower graduates. The terms and conditions will always remain the same, but payments are made to the new holder.
Many lenders and secondary markets contract with outside agencies to service a loan (handle the day-to-day management of the loan) while the borrower is in school or in repayment. Borrowers communicate with the servicer (not the lender or the holder) about deferments, billing, payment processing, address changes, etc.
Some lenders retain ownership and provide all the servicing of the loan until it is paid. Advantages with selecting a lender who doesn't sell and who also services the loan include clarity about who to contact regarding the loan and the convenience of working with lenders who deal exclusively with their own student borrowers (Secondary markets and loan servicers are managing the accounts of borrowers from many different lenders).
Lenders are required to inform borrowers in writing if the loan is sold or transferred to a loan servicer.
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