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Loan Processing: Blanket Guarantee

Accelerated loan delivery. We guarantee it.

Fact: Blanket Guarantee simplifies and accelerates student loan delivery for students, schools and lenders without jeopardizing program integrity. How can we be so certain?

Because NSLP was the first to offer Blanket Guarantee and, after over $5 billion in loans, we know it works.

Since 1999, NSLP's Blanket Guarantee has been speeding loan delivery to thousands of students and schools nationwide.

Blanket Guarantee Benefits Schools

  • Reduce the time from loan certification to loan receipt.
  • Make same-day loan delivery a routine event.
  • Implement without making costly system changes.

Blanket Guarantee Benefits Lenders

  • Disburse loans faster.
  • Increase efficiency of loan origination with fewer loan change transactions.
  • Enhance relationships with schools via direct contact during loan origination.

Blanket Guarantee:

       Streamlines the delivery of loan proceeds. Lenders and schools using NSLP's Blanket Guarantee report that it eliminates redundant delays in loan origination, strengthens lender-school relationships, and accelerates loan delivery.

Adapts to the needs of schools and lenders. Because student loan processes vary from lender to lender, and school to school, NSLP's Blanket Guarantee is flexible enough to work the way that's best for them. Loan data can be transmitted directly from the school to the lender, or the school can choose to transmit data to NSLP to be passed on to the lender. Either way, schools get the benefit of faster loan delivery with Blanket Guarantee without making costly system changes. NSLP's Blanket Guarantee flowcharts show how it works.

Reduces loan processing costs for lenders. Blanket Guarantee reduces processing time and hassle. By streamlining the transactions on the loan, lenders can reduce the cost of originating a loan and concentrate on providing services to schools and students.

Preserves the integrity of the student loan program. Schools and lenders have no more risk with Blanket Guarantee than they have with a traditional guarantee process.

NSLP is the nation's most experienced Blanket guarantor. We were the first to implement Blanket Guarantee because we knew it would help schools and lenders deliver loans more quickly to students.

More Information
For details about how Blanket Guarantee works, see our Blanket Guarantee Questions and Answers, or download the Questions and Answers in PDF format.

For more information about streamlining and accelerating your student loan process with Blanket Guarantee, call:

NSLP Business Development
P.O. Box 82507, Lincoln, NE 68501-2507
1300 O Street, Lincoln, NE 68508
phone 800-735-8778, ext. 6618
fax 402-479-6658

 

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