The NASFAA Federal Issues Committee, with assistance from NASFAA staff, has published Monograph 23, A Guide to Developing a List of Lenders (NASFAA user name and password are required). This monograph includes general principles, benefits, and tools to assist NASFAA members in developing an objective list of student loan providers from which students may select a lender that best meets their needs. The information in this monograph reflects the legal principle that it is the student's right to select his or her lender and that right cannot be limited by institutional policies or practices.

"Lender lists must be constructed carefully," said Federal Issues Committee Chair Bonnie Joerschke. "Recent increased scrutiny of our practices is an opportunity to show students and their families that financial aid professionals are their allies. It is important that we understand and follow all related legislation and guidelines carefully."

Monographs are a member benefit and require a NASFAA user name and password to access.

Posted 06/04/09 to www.NASFAA.org. Redistribution to non-NASFAA institutions is prohibited. Please submit Web site questions or comments to Web@NASFAA.org.