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 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
Sallie Mae
Lender Code: 802218
888.272.5543
www.salliemae.com
8.50
PLUS Loan borrowers can reduce their interest rate by 0.25 percentage point for making payments using automatic debit

24/7 online account management

Expert servicing from the nation's leading student loan company

Sallie Mae's Upromise Loan Link(SM) service can help you pay down your eligible Sallie Mae-serviced student loans
SunTrust Education Loans
Lender Code: 811304
800.552.3006
suntrusteducation.com
8.50
0.25% Interest Rate Reduction for auto debit payments!1

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

Easy on-line application

E-signature available
Citizens Bank
Lender Code: 833880
800.708.6684
www.citizensbank.com/edu
8.50
0.25% interest rate reduction if payments are automatically deducted from any bank account

Delay Repay Option: Parents can postpone payments as long as the student is enrolled at least half-time until six months after the student graduates or leaves school

10 year standard repayment term

Fixed interest rate of 8.50%, prior to any benefit reductions

An extended repayment term is available for up to 25 years for students who qualify

Online account management tools available to borrowers
PNC Bank
Lender Code: 809921
800.762.1001
www.pnconcampus.com
8.50
.25% 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

Easy Online application

E-signature available

Life of loan servicing (combined with private loans)

1 Savings programs effective for 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.

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 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.