Grad-Plus Lender Recommendations: 2009-10
Stafford Lender Recommendations
Last update 7/21/2009
| Grad Plus Lender List | CHASE |
CITIBANK |
DISCOVER STUDENT LOANS |
SALLIE MAE ED TRUST
|
|---|---|---|---|---|
Guarantor |
Texas Guaranty |
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| Loan Information | ||||
| Apply Online | ||||
| Interest rate | 8.5% fixed for life of the loan.* |
8.25% fixed for life of loan. |
8.5% fixed for life of loan. * |
|
| Repayment Rate | 8.5% fixed for life of the loan.* |
8.25% fixed for life of loan. |
8.5% fixed for life of loan.* |
|
| Aggregate Loan Limit | Cost of Attendance Minus Other Financial Aid | |||
| Origination Fee | 3% |
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| Repayment Benefits |
|
|
|
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| Guarantee Fee |
Texas Guaranty will pay down the 1% fee; no fee assessed to PSOM students. |
Texas Guaranty will pay down the 1% fee; no fee assessed to PSOM students. |
0% |
Texas Guaranty will pay down the 1% fee; no fee assessed to PSOM students. |
| Capitalization | Occurs on accrued interest at the end of forbearance, deferment, or grace as the borrower enters repayment. |
Occurs once after uninterrupted periods of in school and other authorized deferment periods. |
Occurs at the conclusion of any deferment or forbearance period. At the that time, a new repayment schedule is sent to the borrower that discloses the capitalized interest. |
Occurs quarterly and at the end of each forbearance and deferment period. |
| Contact Customer Service | (877) 744-2633 |
(866) 515-8352 |
(877) 728-3030 |
(800) 233-7575 |
* Lenders intend to participate in the Department of Education Loan Purchase Program under the Ensuring Continued Access to Student Loans Act, which allows lenders to sell 2009-2010 FFELP loans to the Department of Education.
