Specifications include, but are not limited to: multiple lending institutions who can provide private/alternative loans for enrolled and qualified students of the University for the 2023-2024 processing year. Campuses shall include Amherst, Boston, Dartmouth and Lowell. The purpose of the RFP is to prequalify multiple lending institutions who can provide private/alternative loans for enrolled and qualified students of the University for the 2023-2024 processing year. Loan applicants may include undergraduate and graduate students, Parents/Guardians, Non-degree students, law students, students preparing to take the bar, international students, and students enrolled in UMass On-Line. Loans may also be sought for Winter/Summer Sessions. Multiple lending institutions will be awarded. Awarded lenders must be able to provide internet web links directly to their loan service and those links will be listed on campus websites and possibly on a single nationally used Service Agent Website (SAW) (ELM SELECT) for the purpose of facilitating the University’s Financial Aid services. The links placed in the SAW and on campus websites must enable those who are seeking student loans to browse the lender's site, learn about their options, decide on a loan program, and complete and submit a loan application on-line. Additional customer services may be offered through the SAW.
