Remember you must use the MC Financial Aid Loan Application available only from MC. Do not apply to the lender online.
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AMS Phone: 888-272-5543 |
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ABOUT AMS This information is subject to change, please contact the lender directly to receive current benefit information.
- Stafford benefits:
- 0% Origination fee 3% of the original loan amount returned after graduation in 2 installments with proof of graduation
- 1.5% credit at repayment
- 1.5% credit after 12 payments by due dates as initially scheduled
- Receive an additional .50% interest rate reduction after 36 on time payments with proof of graduation
- Zero interest for the first year of the first unsubsidized stafford loan
- PLUS benefits
- In just 48 months, parents can get an account credit based on 3% of their original PLUS loan amount
- 1% credit after making the first 6 payments by due dates as initially scheduled
- 2% credit after making the first 48 payments by due dates as initially scheduled
- Parents may postpone payments for up to 60 months while child is in school
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Bank of America Phone: 800-344-8382 |
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BANK OF AMERICA
This information is subject to change, please contact the lender directly to receive current benefit information.
- Stafford benefits:
- Zero fees (No Origination fee and No Default fee)
- 1% principal reduction at 12 months of on time payments
- 1% principal reduction at 24 months of on time payments
- 1% principal reduction at 36 months of on time payments
- 0.25% interest rate reduction for automatic debit
- 15 day grace period for late payments
- PLUS benefits:
- 0% Default fee 1% principal reduction at 12 months of on time payments.
- 1% principal reduction at 24 months on on time payments
- 1% principal reduction at 36 months of on time payments
- 0.25% interest rate reduction for automatic debit
- 15 day grace period for late payments
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Chase Bank Phone : 800-487-4404 |
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CHASE BANK
This information is subject to change, please contact the lender directly to receive current benefit information.
- Stafford benefits:
- ZERO fees (No Origination fee)
- 3.3% account credit or cash back after 33 on-time payments
- Immediate 0.25% interest rate reduction for automatic direct debit of payment of payments
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CitiBank Phone : 800-967-2400 |
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CITIBANK This information is subject to change, please contact the lender directly to receive current benefit information.
- Stafford benefits:
- ZERO fees
- (No Origination fee and No Default fee)
- 1% automatic interest rate reduction at repayment.
- All students are guaranteed this benefit. 0.25% interest rate reduction
- reduction for E-Z Pay auto-debit payment program
- Unlimited opportunities to earn your automatic rate reduction back if you ever miss a payment
- ZERO payments your last six months
- Parent PLUS Loan benefits: 0% Federal Default fees
- 0.75% automatic interest rate reduction at repayment
- All borrowers are guaranteed this benefit
- 0.50% interest rate reduction for E-Z Pay auto-debit payment program
- Unlimited opportunities to earn your automatic rate reduction back if you ever miss a payment
- ZERO payments your last six months
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Edamerica Phone : 800-337-1009 |
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EDAMERICA This information is subject to change, please contact the lender directly to receive current benefit information.
- Stafford benefits:
- For new borrowers after January 1, 2007
- 0% Origination fee
- 0% default fee
- 1% interest rate reduction at graduation
- 25% interest rate reduction for auto-debit 1% rebate after first 12 on-time payments
- 1% rebate after next 12 on-time payments
- Benefit repair option after 24 months of on-time payments
- PLUS benefits: for new loan borrowers after January 1, 2007
- 0% default fee
- 1% interest rate reduction at disbursement with continuous on-time payments
- .25% interest rate reduction for auto-debit
- Benefit repair option after 24 months of on-time payments
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NelNet Phone: 888-486-4722 |
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NELNET
This information is subject to change, please contact the lender directly to receive current benefit information.
- Stafford benefits:
- Nelnet Academic Lender Code 833669
- 0% Origination Fee
- 0% Federal Default Fee
- 3.33% Principal Reduction after 30 on-time payments
- 1% Interest Rate Reduction with Automatic Withdrawal of Payments
- PLUS benefits:
- 0.25% reduction for ACH
- 3.33% Principal Reduction after 48 on-time payments
- 3% interest credit after 210 days in repayment
- Additionally, if guaranteed by College Access Network, we can waive the default fee
- See the lender for details and conditions
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PNC Bank Phone: 800-762-1001 |
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PNC BANK
This information is subject to change, please contact the lender directly to receive current benefit information.
- Federal Stafford (lender code 809921)
- No up-front fees
- 0.25% interest rate reduction for automatic direct debit of payment;
- 1% interest rate reduction after 24 on-time payments
- Additional 1% interest rate reduction after 36 on-time payments
- Combined or separate billing for multiple loans
- Single point of customer service for the life of the loan
- Manageable PLUS loan:
- 1% interest rate reduction at the time of disbursement
- Additional 0.5% interest rate reduction for payments automatically deducted from checking or savings account
- Delayed payments, if student enrolled at least 1/2 time, for up to 4 academic years
- parent needs only to call to request (no paperwork) each year
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Sallie Mae Education Trust Phone: 888-272-5543 |
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SALLIE MAE This information is subject to change, please contact the lender directly to receive current benefit information.
- Stafford benefits:
- 0% Origination fee (saves 2%
- 0% Default fee (saves 1%)
- Receive a 2% account credit after making 24 payments by due dates as initially scheduled
- Receive an additional 1% account credit after making 48 payments by due dates according to that schedule
- PLUS benefits:
- 0% Default Fee (saves 1%)
- 1% account credit after making the first 12 payments by due dates as initially scheduled
- 2% account credit after making the first 36 payments by due dates according to that schedule
- Up to $500 credit towards closing costs on a Sallie Mae Home Loan Mortgage
- See the lender for details and conditions
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SunTrust Phone: 800-552-3006 |
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SUN TRUST This information is subject to change, please contact the lender directly to receive current benefit information.
- Stafford benefits:
- 0% Origination fee
- an immediate 2% savings
- Suntrust pays the 1% default fee for borrowers
- 3% principal reduction after 12 on time payments
- Auto debit is not required to receive this benefit
- No penalty for prepayment
- Accrued interest on unsubsidized loans is capitalized once at repayment
- Deferment and forbearance options available
- PLUS benefits:
- 1% interest rate reduction at repayment
- 0.25% interest rate reduction for automatic debit
- Delay repayment on the PLUS loan while the student is in school with SunTrust
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Wachovia Phone : 800- 338-2243 |
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WACHOVIA BANK
This information is subject to change, please contact the lender directly to receive current benefit information.
Special Savings on Stafford only from Wachovia.
- In addition to zero fees, once you begin repayment on a Stafford Loan from Wachovia, you can receive three big rebates equal to 3.5% of your original loan amount.
- When these rebates are combined and applied to your outstanding loan balance, your savings can increase up to 8.69% of your original loan amount over the life of the loan
- To qualify, you simply need to make consecutive, scheduled loan payments on time using auto debit from your bank acount. Start Saving Instantly!
- Zero origination fee (1.5% savings)
- Zero default fee (1% saving)
- Immediate 1% principal rebate at the start of repayment
- Another 1% principal rebate after the first 12 payments
- Extra 1.5% principal rebate after the first 24 payments
1-800-338-2243
wachovia.com/staffordapp Special Savings on Parent PLUS Loans only from Wachovia
- Once you begin repayment on a Parent PLUS Loan from Wachovia, you can receive three big rebates equal to 3.5% of your original loan amount.
- When these rebates are combined and applied to your outstanding loan balance, your savings can increase up to 7.25% of your original loan amount over the life of the loan.
- To qualify, you simply need to make consecutive, scheduled loan payments on time using auto debit from your bank account. Start Saving Instantly!
- Zero default fee (1% saving)
- Immediate 1% principal rebate at the start of repayment
- Another 1% principal rebate after the first 12 payments
- Extra 1.5% principal rebate after the first 24 payments
- 1-800-338-2243
- wachovia.com/plusapp
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US Education Finance Corporation Phone:800-832-7006 |
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US FINANCE
This information is subject to change, please contact the lender directly to receive current benefit information.
Stafford benefits
See the lender for details and conditions. |