Federal Graduate PLUS Loan Lender Comparison Chart
| US Bank 1-800-377-5626 View/Apply |
804609 | Pinless MPN process coming Spring 2008 (Currently requires FAFSA PIN) A 3% Origination Fee is deducted from the borrower’s loan amount by the US Dept. of Education. A 0% federal default fee is deducted from the borrower’s loan amount. The lender’s website gives current loan repayment benefit information. Grad PLUS loans are sold at repayment to Student Loan Finance Corp Loan origination and servicing in-house until loan is sold |
| Commerce Bank 1-800-666-3910 View/Apply |
813979 | Does not require PIN to electronically sign on-line Master Promissory Note A 3% Origination Fee is deducted from the borrower’s loan amount by the US Dept. of Education. A 0% federal default fee is deducted from the borrower’s loan amount. The lender’s website gives current loan repayment benefit information. Loan origination in-house; servicing by Oklahoma Student Loan Authority (OSLA) Federal Graduate PLUS loans sold to OSLA when approaching repayment |
| SallieMae Ed Trust 1-800-555-3601 View/Apply |
802218 | Does not require PIN to electronically sign on-line Master Promissory Note A 3% Origination Fee is deducted from the borrower’s loan amount by the US Dept. of Education. A 1% federal default fee is deducted from the borrower’s loan amount. The lender’s website gives current loan repayment benefit information. Loan origination in-house; servicing by SallieMae for life of loan Does not sell their loans |
| Wachovia 1-877-689-0763 View/Apply |
830005 | Does not require PIN to electronically sign on-line Master Promissory Note A 3% Origination Fee is deducted from the borrower’s loan amount by the US Dept. of Education. A 0% federal default fee is deducted from the borrower’s loan amount. The lender’s website gives current loan repayment benefit information. Loan origination and servicing handled by Wachovia Grad PLUS loans are not sold |
| Wells Fargo 1-800-658-3567 View/Apply |
807176 | Does not require PIN to electronically sign on-line Master Promissory Note A 3% Origination Fee is deducted from borrower’s loan amount by the US Dept. of Education. A 0% federal default fee is deducted from the borrower’s loan amount. The lender’s website gives current loan repayment benefit information. Loan origination and servicing handled by Wells Fargo PLUS loans are not sold |
| Citibank 1-800-967-2400 View/Apply |
826878 | Does not require PIN to electronically sign on-line Master Promissory Note A 3% Origination Fee is deducted from the borrower’s loan amount by the US Dept. of Education. A 0% federal default fee is deducted from the borrower’s loan amount. The lender’s website gives current loan repayment benefit information. Loan origination and servicing handled by Citibank Grad PLUS loans are not sold |
| Bank of America 1-800-666-4352 View/Apply |
824421 | Does not require PIN to electronically sign on-line Master Promissory Note A 3% Origination Fee is deducted from the borrower’s loan amount by the US Dept. of Education. A 0% federal default fee is deducted from the borrower’s loan amount. The lender’s website gives current loan repayment benefit information Loan origination by Bank of America; Servicing by Affiliated Computer Services (ACS) Bank of America does not intend to sell your loan to a secondary market. |
