Why does Columbia College have a preferred lender list?
Prior to 2001, Columbia College did not utilize any preferred lender. Due to the diverse geography of our student population, the College had to work with over 100 lenders annually, each of whom had varying levels of service. In an effort to comply with the federal Title IV disbursement requirements , and to streamline the process and provide a better experience for the student, both in terms of fees, service and loan options, the College selected preferred providers that have a regional or national presence that can service loans using a single point of contact and who have attractive origination fee options.
