Thaddeus Stevens College of Technology
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 Thaddeus Stevens College of Technology, 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
Wachovia Education Finance
Lender Code: 813830
800.338.2243
wachovia.com/education
8.50
0% Default Fee

1% Interest Rate reduction when the first 36 payments are made on-time using auto debit

Forbearance Deferment available up to 4 years while student is enrolled.

Insured against death and disability

Upromise participant - Reduces loan balances
PNC Bank
Lender Code: 809921
800.762.1001
www.pnconcampus.com
8.50
Benefits:

  • .70% interest rate reduction for auto debit from ANY bank account


  • Delayed repayment available for up to 4 years


    • Endorsers accepted

  • Second look credit review is available
Services:

  • Easy Online application


  • E-signature available


  • Life of loan servicing (combined with private loans)


  • “Live” customer service representative for each call
Sallie Mae Education Trust
Lender Code: 802218
888.272.5543
www.salliemae.com/salliemaeedtrust
8.50
After your student has applied for grants and scholarships that don't have to be repaid, and explores a low-cost Stafford Loan, consider an economical Parent PLUS Loan to help cover the costs of college. Choose us as your lender and you may be eligible for these borrower benefits:

  • 0.25% interest rate reduction for automatic debit during active periods of repayment*


  • Default fee rebate depending on guarantor
*Learn how to earn these benefits.

Advantages of Choosing Sallie Mae

  • 24/7 online account management


  • Sallie Mae’s Upromise Loan LinkSM service helps you pay down your eligible Sallie Mae-serviced student loans


  • Combined billing for all Sallie Mae-serviced student loans


  • The nation’s leading provider of student loans


  • Since 1973 has helped more than 21 million Americans achieve a college education


  • 93% of borrowers likely to recommend Sallie Mae to other students


  • Educational tools, college savings plans, tuition payment plans and dedicated customer service set us apart


  • 1-2-3 approach to financing college: savings, scholarships, and grants first; federal loans second; and private loans third
StuFund
Lender Code: 834312
1-877-788-4770
www.stufund.com
8.50
StuFund will offer parents a 0.70% interest rate reduction with automatic monthly payments.
SunTrust Education Loans
Lender Code: 811304
800.552.3006
suntrusteducation.com
8.50
KeystoneBESTSM savings!1

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 private loans)

Easy on-line application

E-signature available

“Live” customer service representative is available

Participates in the Grad Gold student loan rebate program

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 Thaddeus Stevens College of Technology and is believed to be correct as of this posting, but this information is not warranted and is subject to change without notice.