Preferred Lenders List for PLUS Loans

Please note the student may choose any eligible lender and the University will process the student's request. The University Preferred Lenders list is reviewed quarterly, to include lenders that offer additional borrower benefits, have exceptional operating standards, possess technology wherewithal, and are committed to providing outstanding service and expedited processing by meeting or exceeding established performance standards. For additional information on method and criteria for selecting a preferred lender, please click here.

Lender:	Citibank (800) 967-2400 Lender Code: 826878	Fifth Third Bank (888) 777-9959 Lender Code: 808780	Nelnet (877) 804-3603 Lender Code: 833669	Sallie Mae® Education Trust (888) 777-9959 Lender Code: 802218	U.S. Dept of Ed Direct Loan (800) 848-0979 For 09-10 aid year ONLY	Wachovia (800) 338-2243 Lender Code: 830005	Wells Fargo (800) 658-3567 Lender Code: 807176
Guarantor:	Educational Credit Management Corporation	USA Funds	College Assist	USA Funds	U.S. Department of Education	Texas Guaranteed Student Loan Corporation	EdFund
Servicer:	Citibank	Sallie Mae®	Nelnet	Sallie Mae®	U.S. Department of Education	ACS	Wells Fargo
Preferred Lender Affiliations	None	Sallie Mae®	None	Fifth Third Bank	None	Wells Fargo	Wachovia
Federal Default Fee	1%	1%	0.50%	1%	0%	0%	1%
Origination Fee	3%	3%	3%	3%	4%	3%	3%
Loan Interest Rate	8.50%	8.50%	8.50%	8.50%	7.90%*	8.50%	8.50%
Benefits for PLUS Loans at Repayment (Parent PLUS)
*Instant Interest Rate Rebate	None	None	None	None	1.50% As long as the first 12 payments are made on-time	None	None
ACH	0.25% interest rate reduction for payments automatically deducted from a bank account	0.25% interest rate reduction for ACH automatic payment	0.25% interest rate reduction for ACH automatic payment	0.25% interest rate reduction for ACH automatic payment	0.25% interest rate reduction for auto-debit payments	None	None
Electronic Statements Required	Yes	No	No	No	Yes
Benefits for PLUS Loans at Repayment for Graduate Students (Grad PLUS)
*Instant Interest Rate Rebate	None	None	None	None	1.50% As long as the first 12 payments are made on-time	None	None
ACH	0.25% interest rate reduction for payments automatically deducted from a bank account	0.25% interest rate reduction for ACH automatic payment	0.25% interest rate reduction for ACH automatic payment	0.25% interest rate reduction for ACH automatic payment	0.25% interest rate reduction for auto-debit payments	None	None
Electronic Statements Required	Yes, for 0.25% auto-debit benefit only	No	No	No	Yes, for 0.25% auto-debit benefit only
The lender reserves the right to modify, extend, or discontinue these benefits at any time without notice. Borrower benefits may be terminated in the event of a default or failure to meet qualification criteria.