Lender Name

Lender Code

Benefits

US Bank
1-800-377-5626
View/Apply

804609

Requires Federal Pin to electronically sign on-line Master Promissory Note
3% Origination Fee is deducted from loan funds by the US Dept. of Education
0% federal default fee
After 36 consecutive monthly on-time payments borrower receives 5% credit of original loan amount.
0.25% interest rate reduction for using automatic payments
Last 10 payments free – view lender web site for details
PLUS loans are sold at repayment to Student Loan Finance Corp
Loan origination and servicing in-house until loan is sold
Guarantee by National Student Loan Program (NSLP)

Commerce Bank
1-800-666-3910
View/Apply

813979

Does not require PIN to electronically sign on-line Master Promissory Note
3% Origination Fee is deducted from loan funds by the US Dept. of Education
0% federal default fee
2.5% interest rate reduction for using automatic payments
Loan origination in-house; servicing by MOHELA
PLUS loans are sold to MOHELA at repayment
Guarantee by Missouri Student Loan Program (MSLP)

Security Bank
1-800-555-3601
View/Apply

804657

Does not require PIN to electronically sign on-line Master Promissory Note
3% Origination Fee is deducted from loan funds by the US Dept. of Education
0% federal default fee
2.5% interest rate reduction for using automatic payments
1% Principal balance reduction at repayment
Loan origination and servicing by MOHELA
PLUS loans are sold to MOHELA at repayment
Guarantee by Missouri Student Loan Program (MSLP)

Bank of America
1-800-666-4352
View/Apply

818334

Does not require PIN to electronically sign on-line Master Promissory Note
3% Origination Fee is deducted from loan funds by the US Dept. of Education
0% federal default fee
2.5% interest rate reduction for using automatic payments
Loan origination and servicing by MOHELA
PLUS loans are sold to MOHELA at repayment
Guarantee by Missouri Student Loan Program (MSLP)

Citibank
1-800-967-2400
View/Apply

826878

Does not require PIN to electronically sign on-line Master Promissory Note
3% Origination Fee is deducted from loan funds by the US Dept. of Education
0% federal default fee
0.75% interest rate reduction at repayment for borrowers who continue to make on-time monthly payments.
0.5% interest rate reduction for using automatic payments
Zero payments for the last 6 months when all payments are made on-time.
Loan origination and servicing handled by Citibank
PLUS loans are not sold
Guarantee by Texas Guarantee (TG)

NelNet
1-877-804-3603
View/Apply

833669

Does not require PIN to electronically sign on-line Master Promissory Note
3% Origination Fee is deducted from loan funds by the US Dept. of Education
0% federal default fee
3% interest credit after the loan enters repayment, applied 210 days after loan is fully disbursed
1% interest rate reduction for using automatic payments
3.3% reduction of your original principal balance after 30 initial, on-time payments (must maintain a valid e-mail address)
Loan origination and servicing handled by NelNet
PLUS loans are not sold
Guarantee by National Student Loan Program (NSLP)

Wachovia
1-877-689-0763
View/Apply

830005

Does not require PIN to electronically sign on-line Master Promissory Note
3% Origination Fee is deducted from loan funds by the US Dept. of Education
0% federal default fee
1% instant rebate at the start of repayment when using automatic payments
1% rebate after 12 scheduled payments using automatic payments
1.5% rebate after 24 scheduled payments using automatic payments
Loan origination and servicing handled by Wachovia
PLUS loans are not sold
Guarantee by Texas Guarantee (TG)