Suggested Federal Graduate Plus Lenders 08-09

Carnegie Mellon University, Tepper School of Business
2008-2009 Suggested Federal Graduate Plus Loan Lenders & Benefits

• Information was provided by the lenders and the benefits are accurate as of 7/21/08.
• Interest rates are as of July 1, 2007 and could change on or shortly after July 1, 2008.
• All information is subject to change at anytime.

Citibank

• 3% Origination Fee
• 0% Default Fee w/ECMC guarantee
• .50% automatic interest rate reduction at repayment
• .25% interest rate reduction for auto debit
• Zero payments for the last six months
• Interest rate is fixed at 8.5% (This is the fixed rate before borrower benefits are applied.)
• Apply Online at http://www.ecmc.org/link/00324202/grad.html.
• Lender Code: 826878
   

Citizens Bank

• 3% Origination Fee
• 0% Default Fee w/AES guarantee
• .25% interest rate reduction for automatic payment deduction from any bank account
• Interest rate is fixed at 8.5% (This is the fixed rate before borrower benefits are applied.) 
• Apply Online.
• Lender Code: 833880KB

 National City

• 3% Origination Fee
• 0% Default Fee
• Interest rate is fixed at 7.65%
• Apply Online.
• Lender Code (use one of the following codes): 808942KB or 810148KB

PNC Bank

• 3% Origination Fee
• 0% Default Fee w/AES guarantee
• .70% interest rate reduction for automatic payment deduction from any bank account
• Interest rate is fixed at 8.5% (This is the fixed rate before borrower benefits are applied.)
• Apply Online.
• Lender Code: 809921GP

Wachovia

• 3% Origination Fee
• 0% Default Fee
• .25% interest rate reduction for auto debit
• Interest rate is fixed at 8.5% (This is the fixed rate before borrower benefits are applied.)
• Apply Online.
• Lender Code: 813830KB