La Salle University





Federal Parent PLUS Loan Lender List for 2008-2009

Student Loans are an important part of any college financing plan. You have the right to select any lender with any guarantee agency.

At La Salle University, we realize that there are many lenders and many different types of loans. To help our families make good financial choices we recommend the following lenders. How did we arrive at this list? We asked over twenty national and local lenders to submit proposals of their 2008-2009 borrower benefits. After a thorough review of these proposals, the La Salle Lender Selection Committee selected these lenders on the basis of price, borrower benefits and customer service. These lenders are only recommended: La Salle University will process any loan from any lender or guarantee agency.

Please note for Parent PLUS loan for the Fall 2008-Spring 2009 school year you need to wait until after May 1st 2008 to apply.

 

LENDER INFORMATION

BORROWER BENEFITS


Citizens Bank

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Customer service: 888-272-5543

Lender code: 810240
  • 8.5% interest rate
  • 4% origination fee will charged. For example: if you take out a $10,000.00 loan only be $9,600.00 will be disbursed to the school.
  • Default fee will be paid on the borrower’s behalf on Parent PLUS Loans for academic year 2008-2009.
  • .7% Interest rate reduction for sign up for Direct Repayment (ACH) option.
  • Repayment of Federal Parent PLUS loans can be deferred until after the student graduates, for more information about this please contact your lender.

Fifth Third Bank

Apply Now

Customer service: 888-272-5543

Lender code: 808780
  • 8.5% interest rate
  • 4% origination fee will charged. For example: if you take out a $10,000.00 loan only be $9,600.00 will be disbursed to the school.
  • Default fee will be paid on the borrower’s behalf on Parent PLUSLoans for academic year 2008-2009.
  • .7% Interest rate reduction for sign up for Direct Repayment (ACH) option.
  • Repayment of Federal Parent PLUS loans can be deferred until after the student graduates, for more information about this please contact your lender.

Sallie Mae Education Trust

Apply Now


Customer service: 888-272-5543

Lender code: 802218
  • 8.5% interest rate
  • 4% origination fee will charged. For example: if you take out a $10,000.00 loan only be $9,600.00 will be disbursed to the school.
  • Default fee will be paid on the borrower’s behalf on Parent PLUS Loans for academic year 2008-2009.
  • .7% Interest rate reduction for sign up for Direct Repayment (ACH) option.
  • Repayment of Federal Parent PLUS loans can be deferred until after the student graduates, for more information about this please contact your lender.
 

You may borrow from any FFELP lender of your choice. The lender you select does not have to be one of the lenders listed above. Please contact the Student Financial Services Office if selecting a lender not listed.

Additional qualification requirements apply for each benefit listed above. Visit each lender’s web site to learn how to earn their benefits.

All of the above Parent PLUS lenders are unaffiliated with each other; however, Citizens Bank and FifthThird Bank use Salle Mae to perform credit checks and process applications. To begin the application processing for all of the above lenders, please click on the apply now button next to the lender or call a Sallie Mae's Parent Answer® counselors 7am - 10pm CT Mon-Thur and 7am - 7pm CT Fri and 8am - 5pm CT Saturdays at 1.800.891.1410.

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We love questions. E-mail us at finserv@lasalle.edu.