Maps Directories   
 

Home : Admissions & Financial Aid

Stafford Lender Recommendations: 2009-10

Remember to apply online directly to your lender of choice

Grad-Plus Lender Recommendations

Last update 8/25/2009

Stafford Lender List
CHASE
CITIBANK
DISCOVER STUDENT LOANS

SALLIE MAE ED TRUST

Guarantor
Texas Guaranty
Loan Information
Apply Online

FIRST TIME SALLIE MAE BORROWERS USE EDTRUST- APPLY NOW

BORROWED FROM SALLIE MAE LAST YEAR, DOLLAR BANK- APPLY NOW

Interest Rate

6.8% fixed for life of the loan
Repayment Rate

6.8% fixed for life of the loan
Aggregate Loan Limit
 $224,000
Origination
Fee
.5%
.5%
.5%*
.5%
Repayment Benefits
  • .25% interest rate reduction for ACH.**
  • .25% interest rate reduction for ACH.**
  • .25% interest rate reduction for ACH.
  • .25% interest rate reduction for ACH. **
Guarantee
Fee
Texas Guaranty will pay the 1%; no fee assessed to PSOM students.
 Texas Guaranty will pay the 1%; no fee assessed to PSOM students.
Discover will pay the 1%; no fee assessed to PSOM students.
Texas Guaranty will pay the 1%; no fee assessed to PSOM students.
Capitalization
 Accrued interest capitalizes at the end of forbearance, deferment, or grace as borrower enters repayment. Accrued interest capitalizes once after uninterrupted, consecutive periods of grace, deferment, or forbearance. Accrued interest capitalizes at the conclusion of any deferment or forbearance period. At that time, a new repayment schedule is sent to the borrower that discloses the capitalized interest. Subsidized Stafford capitalizes at the end of each forbearance period; Unsubsidized Stafford capitalizes at the end of grace, deferment, and forbearance periods.
Customer Service Benefits www.chasestudentloans.com provides online calculators to help you budget your college expenses and loan repayments. Designated Health Professsions service center; an array of financial aid tools at www.credit-edadministrator.com. Financial literacy tools available at www.discoverstudent loans.com/financialliteracy.

Free consumer education resources available at www.salliemae.com/bedebtsavvy.
Contact Customer Service
(877) 744-2633 (800) 967-2400 (877) 728-3030 (800) 233-7575

* Change from 0% origination fee goes into effect for all loans originated after September 1, 2009.

** Lender intends to participate in the Department of Education Loan Purchase Program under the Ensuring Continued Access to Student Loans Act, which allows the lender to sell 2009-2010 FFELP loans to the Department.