Northern Virginia Community College
The lenders listed on this Web page are frequently used by our PLUS Loan borrowers. These lenders provide excellent benefits and an efficient application process. Additionally, they disburse funds electronically to Northern Virginia Community College, which allows us to post funds directly to your child's account.

We provide this list as a guide to you; however, you are free to choose another lender without penalty. If you choose another lender, please inform us so that we may process your child's loan. If you are considering a lender from our list, we encourage you to look at all the lender information presented for each lender. If you decide to choose a lender from this list, click on the corresponding "Apply Now" button to complete your Federal PLUS Loan Master Promissory Note (MPN).

Lender Info
Interest
Rate
Special Ways You Can Save
Select
Fifth Third Bank
Lender Code: 808780
615.849.9935 / 800.222.7192
www.53educationlending.com
8.50
Origination Fee:
The borrower will pay the 3% origination fee as required by federal law.

Federal Default Fee:
A 1% federal default fee will be charged unless the guarantor pays it on the borrower's behalf.

0.25 percentage point interest rate reduction for automatic debit4

24/7 online account management

Expert servicing from Sallie Mae, the nation's leading student loan company.

Repayment on PLUS loans begins within 60 days after the final disbursement of the loan.

No prepayment penalty.
Nellie Mae®
Lender Code: 829076
888.272.5543
www.NellieMae.com
8.50
Origination Fee:
The borrower will pay the 3% origination fee as required by federal law.

Federal Default Fee:
A 1% federal default fee will be charged unless the guarantor pays it on the borrower's behalf.

0.25 percentage point interest rate reduction for automatic debit3

24/7 online account management

Expert servicing from the nation's leading student loan company.

Combined monthly billing when you have multiple Sallie Mae-serviced student loans.

Repayment on PLUS loans begins within 60 days after the final disbursement of the loan.

No prepayment penalty.
SunTrust Education Loans
Lender Code: 820564
800.552.3006
www.suntrusteducation.com
8.50
Saving with SunTrust:1

0.25% Interest Rate Reduction with auto-debit from a checking or savings account.

Upromise Loan Link2

1 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 Upromise Loan LinkSM - Parent borrowers who join Upromise® can link their Sallie Mae loan account to their Upromise account and use their Upromise rewards to help pay down their eligible Sallie Mae serviced student loans. Upromise members turn everyday spending into savings for education by shopping with participating companies who will contribute a portion of their qualified spending into their Upromise account. Once borrowers become Upromise members, they can invite family and friends to join and contribute their rewards to the borrower’s Upromise account to increase savings.

3Borrowers who authorize the automatic debit of funds from their checking or savings account to cover their monthly education loan payments will receive an interest rate reduction of 0.25 percentage point on eligible Parent PLUS Loans. Assuming the loan is serviced by Sallie Mae, this benefit remains available during active repayment for as long as the borrower’s monthly payment is successfully deducted from the borrower’s account. If the loan is not serviced by Sallie Mae, other restrictions may apply as determined by the U.S. Department of Education.

NELLIE MAE RESERVES THE RIGHT TO MODIFY OR DISCONTINUE LOAN PROGRAMS AND BORROWER BENEFITS AT ANY TIME WITHOUT NOTICE. APPLICANTS SHOULD CHECK THE NELLIE MAE WEBSITE (NELLIEMAE.COM) CLOSE TO THEIR LOAN DISBURSEMENT DATE TO OBTAIN THE MOST UP-TO-DATE INFORMATION REGARDING LOAN PROGRAMS, INCLUDING BORROWER BENEFITS.

4Borrowers who authorize the automatic debit of funds from their checking or savings account to cover their monthly education loan payments will receive an interest rate reduction of 0.25 percentage point on eligible Parent PLUS Loans. Assuming the loan is serviced by Sallie Mae, this benefit remains available during active repayment for as long as the borrower’s monthly payment is successfully deducted from the borrower’s account. If the loan is not serviced by Sallie Mae, other restrictions may apply as determined by the U.S. Department of Education.

FIFTH THIRD RESERVES THE RIGHT TO MODIFY OR DISCONTINUE LOAN PROGRAMS AND BORROWER BENEFITS AT ANY TIME WITHOUT NOTICE. APPLICANTS SHOULD CHECK THE FIFTH THIRD WEBSITE CLOSE TO THEIR LOAN DISBURSEMENT DATE TO OBTAIN THE MOST UP-TO-DATE INFORMATION REGARDING LOAN PROGRAMS, INCLUDING BORROWER BENEFITS.

Upromise and Upromise Loan Link are service marks or registered service marks of Upromise, Inc. Sallie Mae is a registered service mark and Direct Repay is a service mark of Sallie Mae, Inc. SLM Corporation and its subsidiaries, including Sallie Mae, Inc., are not sponsored by or agencies of the United States of America. Sallie Mae reserves the right to modify or discontinue loan programs at any time without notice. Terms and conditions apply.

Subject to the above, borrower benefits are effective for Parent PLUS Loans guaranteed June 9, 2008 through June 30, 2009.

SunTrust Bank may sell your Stafford, PLUS or Grad PLUS Loan to the U.S. Department of Education or to another education loan provider. The interest rate and term of the loan will not change if your loan is sold. SunTrust does not currently sell its Academic Answer private loans.


The information on this Web page was gathered on behalf of the Financial Aid Office at Northern Virginia Community College and is believed to be correct as of this posting, but this information is not warranted and is subject to change without notice.