La Roche College has a recommended lender list that includes lenders we feel provide the best benefits and customer service for our students. However, you are free to choose a lender not represented below. If you choose a lender not listed below, your loan will still be processed in a timely manner.
The following lenders disburse funds electronically to our school. This allows funds to be posted directly to your account. Choose a lender below and select the “Apply Now” option to complete your Federal Parent PLUS Loan Master Promissory Note (MPN).
5% principal reduction in repayment (1% each year for the first five years of the loan). This benefit does not run off if borrowers are late on payments.
Loan can be deferred up to 48 months while student is enrolled at least half-time
Free checking with points
Free Identity Theft Assistance
Single point of customer service for Life of Loan
Insured against death and disability
Grad Gold & U-Promise participation – reduces loan balances
0.25% Interest Rate Reduction for auto debit payments
Parent PLUS Loan borrowers having trouble making payments can request that their loan payments be postponed for up to five years, including while their student is enrolled in school2
Life of loan servicing (combined with SunTrust's private loan, Acadmemic Answer®)
Easy on-line application
E-signature available
“Live” customer service representative is available
Participates in Grad Gold student loan rebate program to save you money
0.25% interest rate reduction for borrowers who elect to have their monthly payments automatically deducted from a bank account
Repayment can be postponed while student is enrolled in school
The PLUS Second Pass process enables Chase to perform additional reviews of PLUS Pre-Approval credit denials in an automated fashion
Easy online application with e-signature
No debt-to-income limitations
Life-of-loan servicing through AES for your PLUS loan
Loan is forgiven in the event of disability or death.
Chase is a leader in education finance, with more than 40 years of experience serving students. Chase offers dedicated support, premier customer service, and unparalleled technology for borrowers nationwide. Long recognized as an industry leader in education finance, Chase remains committed to providing the best products, value and service to our customers.
Effective July 1, 2008 for academic year 2008-2009:
Parent PLUS loans originated by Citizens Bank will be eligible to receive a 0.25 percentage point interest rate reduction by making payments using automatic debit. Repayment benefits are based on disbursement date.
0.60% interest rate reduction applied immediately at first disbursement and valid through deferments
0.25% additional interest rate reduction for payments made by auto debit
Can defer payments while student is enrolled up to 48 months
Insured against death and disability
U-Promise participation - reduces loan balances!
1 Savings programs effective for Parent PLUS loans first disbursed on or after 7/1/08. An origination fee of 3% and a default fee of 1% will be calculated based on, and deducted from, each disbursement. Borrowers must make all payments as scheduled and maintain enrollment in automatic debit to keep the rate reduction in effect.
2 Interest will accrue during each approved 12-month forbearance period and will be capitalized (added to the loan balance) at the end of each forbearance period. Borrowers must meet certain eligibility requirements in order to request forbearance.
Brochures containing additional information on lenders are available in the Student Financial Aid Office.
Check with the lender for details and conditions regarding eligibility for special benefits or incentives.
The information on this Web page was gathered on behalf of the Financial Aid Office at La Roche College and is believed to be correct as of this posting, but this information is not warranted and is subject to change without notice.
