Lender Name |
Lender Code |
Benefits |
US Bank
1-800-377-5626
View/Apply |
804609 |
Requires Federal PIN to electronically sign on-line Master Promissory Note
0% Origination and Default fees
Borrower receives 5% credit of original loan amount after 36 consecutive monthly on-time payments
0.25% interest rate reduction if borrower selects automatic payments
Final 8 payments free - view information on lender web site for details
Loan origination and servicing by US Bank prior to repayment
Stafford loans sold to Student Loan Finance Corp during grace period
Guarantee by National Student Loan Program (NSLP) |
Commerce Bank
1-800-666-3910
View/Apply |
813979 |
Does not require PIN to electronically sign on-line Master Promissory Note
0% Origination and Default fees
2.5% interest rate reduction for automatic payments - view website for details
Loan origination by Commerce; servicing by MOHELA
Stafford loans sold to MOHELA when approaching repayment
Guarantee by Missouri Student Loan Program (MSLP) |
Security Bank
1-800-555-3601
View/Apply |
804657 |
Does not require PIN to electronically sign on-line Master Promissory Note
0% Origination and Default fees
2.5% interest rate reduction for automatic payments – view website for details
Loan origination and servicing by MOHELA
Stafford loans sold to MOHELA when approaching repayment
Guarantee by Missouri Student Loan Program (MSLP) |
Bank of America
1-800-666-4352
View/Apply |
818334 |
Does not require PIN to electronically sign on-line Master Promissory Note
0% Origination and Default fees
2.5% interest rate reduction for automatic payments – read website for details
Loan origination and servicing by MOHELA
Stafford loans sold to MOHELA when approaching repayment
Guarantee by Missouri Student Loan Program (MSLP) |
Citibank
1-800-967-2400
View/Apply |
826878 |
Does not require PIN to electronically sign on-line Master Promissory Note
0% Origination and Default fees
1% automatic interest rate reduction at repayment for all students who continue to make on-time monthly payments
0.25% interest rate reduction for automatic payments
Final 6 payments free if all payments are made on-time
Stafford loans are not sold
Loan origination and servicing handled by Citibank
Guarantee by Texas Guarantee (TG) |
NelNet
1-877-804-3603
View/Apply |
833669 |
Does not require PIN to electronically sign on-line Master Promissory Note
0% Origination and Default fees
1% interest rate reduction for automatic payments
3.3% reduction of original principal loan balance after 30 initial, on-time payments (note: must maintain a valid e-mail address)
Stafford loans are not sold
Loan origination and servicing handled by NelNet
Guarantee by National Student Loan Program (NSLP) |
Wachovia
1-877-689-0763
View/Apply |
830005 |
Does not require PIN to electronically sign on-line Master Promissory Note
0% Origination and Default Fee
1% of principal rebate at the start of repayment if using automatic payment
1% of principal rebate after 12 scheduled payments using automatic payment
1.5% of principal rebate after 24 scheduled payments using automatic payments
Stafford loans are not sold
Loan origination and servicing handled by Wachovia
Guarantee by Texas Guarantee (TG) |
