Who is Student Loan Finance Corporation?
Student Loan Finance Corporation (SLFC) provides and services private student loans for college. SLFC is a highly respected student loan originator and loan servicer with over 30 years of experience in student lending. SLFC, in association with the Independent Community Bankers of America (ICBA), offers iHELP to help students finance their education. Most of your contact will be with SLFC, which is known for it’s warm, personalized customer service.
Who are the Independent Community Bankers of America?
The Independent Community Bankers of America (ICBA) is the nation's voice for community banks and represents nearly 5,000 banks of all sizes and charter's in 23,000 locations nationwide. The ICBA sponsors the iHELP student loan program with their member banks.
What is an Originating Lender?
The originating lender owns the loan and provides the funding for the loan through SLFC. You will see the originating lender's name on your promissory note and loan disclosures.
- What is the relationship between the Originating lender, ICBA and SLFC? The originating lender is a member bank of the ICBA and provides the funding for the loan through SLFC. SLFC will service the loan on behalf of the originating lender from the point you begin the loan application through repayment.
What is a Participating or Referring Lender?
If you come to the iHELP website from your bank's website and the originating lender on the application is different than your bank, this means that your bank is acting as a participating or referring lender. Your bank has chosen to participate in the iHELP loan program but they will not own your loan. They may participate by simply providing the iHELP link on their website so that you can access the online application through their website or they may provide funding for the loan to the originating lender.