LCSC receives no revenue, trips, or gifts from any
lender in exchange for placement on our lender
Borrowers have the right and ability to select any
lender of their choice. All
students desiring to borrow a private
(alternative) loan must choose a lender. A
lender will never be chosen solely by LCSC
personnel. Any lender that participates in a
private (alternative) loan program is
allowable, and LCSC will never purposely delay the
certification or disbursement of the loan.
Detailed information about borrower benefits, fees
and the sale of loans is provided on each lender's
LCSC is not in a contractual relationship nor is it
receiving offers of funding from any lender in the
private loan business.
State College’s Financial Aid Office staff does not
currently serve on any lending institution's
advisory board. When and if any staff does sit
on an advisory board, they are prohibited from
receiving anything of value for serving.
LCSC does not and will not allow any lender to identify themselves as employees of
LCSC; LCSC does not allow employees of lenders to
work in or provide staffing for the Financial Aid