My state school is already doing it (though it is in addition to the federal program, not in lieu of it). The loans are serviced by a company, but the actual le

My state school is already doing it (though it is in addition to the federal program, not in lieu of it). The loans are serviced by a company, but the actual lender is the state as far as I can tell: > UNC Loans are based on financial need and administered by the University. If you complete a FAFSA and are found eligible, a UNC Loan may be offered as part of your overall financial aid package. > Interest rates are fixed at 5%, and interest is deferred as long as you are enrolled at least half-time. UNC Loans are repaid to ECSI, the loan servicer.