Suggested Federal Stafford Lenders 08-09

Carnegie Mellon University, Tepper School of Business

2008-2009 Suggested Federal Stafford 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

• 1% Origination Fee
• 0% Default Fee w/ECMC guarantee
• .50% automatic interest reduction at repayment
• .25% interest rate reduction for auto debit
• Zero payments for last six months
• Interest rate is fixed at 6.8% (This is the fixed rate before the borrower benefits are applied.)
• Apply Online at https://www.ecmc.org/esign/lenderflow.htm?schoolId=00324202&lenderId=826878.
• Lender Code: 826878
  

Citizens Bank 

• 1% Origination Fee
• 0% Default Fee w/AES guarantee
• .25% interest rate reduction for auto debit
• Interest rate is fixed at 6.8% (This is the fixed rate before the borrower benefits are applied.)
• Apply Online.
• Lender Code: 833880KB
   

National City

• 0% Origination Fee
• 0% Default Fee w/AES guarantee
• .30% interest rate reduction for auto debit
• .60% interest rate reduction after 24 on time monthly payments
• Interest rate is fixed at 6.8% (This is the fixed rate before the borrower benefits are applied.)
• Apply Online.
• Lender Code (use one of the following codes): 808942KB or 810148KB

PNC Bank

• 1% 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 6.8% (This is the fixed rate before borrower benefits are applied.)
• Apply Online.

• Lender Code: 809921KB

   

Wachovia

• 1% 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 6.8% (This is the fixed rate before borrower benefits are applied.)
• Apply Online.
• Lender Code: 813830KB