Plus Loan

Recommended Lender List

Federal PLUS Loan Recommended Lender List

Please select a lender from our list of lenders below for your Federal PLUS Loan. The following lenders disburse funds electronically to our school. This allows funds to be posted directly to your students' account. Please make note of your selected lender’s name and lender code and then click on the “Apply Now!” button. You will be directed to the guarantor’s web site, HESC.com to begin the pre-approval and eSignature process for the PLUS MPN (Master Promissory Note). As a borrower, you should know that you have the right and ability to select the lender of your choice regardless of the recommended lender list referenced below.Borrower benefits are subject to change solely at the discretion of the lender.

Lender Information	Lender Code	Interest Rate	Borrower Benefits
Bank of America www.bankofamerica.com/ studentbanking/index.cfm? template=stb_plus_loans 800.835.1161	831495	8.50%	.25% Interest Rate Reduction for Bank of America checking or savings account customers. Once earned, the interest rate reduction remains for the life-of-the loan. Auto-debit payments are not required. PLUS in-school forbearance option offers borrower the ability to defer payments while the student is in school for up to 4 years.
Chase (JPMorgan Chase Bank, N.A.) www.ChaseStudentLoans.com 800.487.4404	803000	8.50%	0.25% interest rate reduction for borrowers who elect to have their monthly payments automatically deducted from a bank account. Pre-approval in seconds online or over the phone. Repayment term of up to 10 years. Flexible repayment terms. Parents may delay repayment for loans first disbursed after June 30, 2008 until 6 months after the student ceases to be enrolled at least half-time in school. Chase has more than 40 years of experience in the student loan industry. Chase may sell its loans to the U.S. Department of Education and the U.S. Department of Education may continue to honor the automatic payment interest rate reduction. See web site or call for important terms and conditions. Benefits apply to loans originated and serviced under lender code 803000.
Citibank www.studentloan.com 800.967.2400	826878	8.50%	0.50% automatic interest rate reduction when you enter repayment. 0.25% interest rate reduction when you enroll in our auto-debit payment program. Unlimited opportunities to earn back the automatic rate reduction benefit if it is ever lost due to late payment. No payments while in school. Parents can ask for up to 48 months of forbearance to delay payment while the student is still enrolled in school. Citi Identity Theft protection services free to all Citibank borrowers. Life of loan servicing with Citibank from origination to repayment.
Edamerica www.edamerica.net 800.337.1009	831453	8.50%	0% to 1% default fees based on guarantor. 0.25% interest rate reduction for auto-debit with continuous on-time payments. Interest only or postponement of payment options available. One point of contact for life of loan servicing. 20 years of expertise concentrating solely on student loans. Fast and easy online application with instant credit decision.
Other Lenders	0	8.50%	If you wish to borrow your PLUS Loan with a lender not listed above please apply here.

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Recommended Lender List

Federal PLUS Loan Recommended Lender List