School of Medicine

Federal Grad Plus Loan Program

Section: Federal Grad Plus Loan Program

The Office of Student Financial Planning at the School of Medicine has prepared this listing of lenders for your review and consideration. We review and select lenders for inclusion on this list based upon the following: repayment benefits offered, low origination fees, customer service and the ability of the lender to provide life-of-loan servicing.  The School of Medicine does not endorse any lender or loan product - this information is made available solely to assist students in comparing student loan products. 

You are not required to select one of these lenders as the provider of your Federal Graduate PLUS Loan and you will not be penalized in any way by choosing a lender that is not listed below.  You may complete a Federal Graduate PLUS Loan application and promissory note with any lender you choose.


Lender 2009-10 Terms

Chase

• 3.0% origination fee
• 1.0% default fee
• Fixed interest rate of 8.5%
• 0.25% interest rate reduction for direct-debit of monthly payments
• Deferment available during residency*


Citibank

• 3.0% origination fee
• 1.0% default fee
• Fixed interest rate of 8.5%
• 0.25% interest rate reduction for direct-debit of monthly payments and receipt of electronic loan statements
• Deferment available during residency*

 

 Discover Student Loans

• 3.0% origination fee
• 0% default fee
• Fixed interest rate of 8.5%
• 0.25% interest rate reduction for direct-debit of monthly payments
• Deferment available during residency*


Sallie Mae

• 3.0% origination fee
• 1.0% default fee
• Fixed interest rate of 8.5%
• 0.25% interest rate reduction for direct-debit of monthly payments
• Deferment available during residency*


SunTrust

• 3.0% origination fee
• 1.0% default fee
• Fixed interest rate of 8.5%
• 0.25% interest rate reduction for direct-debit of monthly payments
• Deferment available during residency*


Wells Fargo

• 3.0% origination fee
• 1.0% default fee
• Fixed interest rate of 8.5%
• Deferment available during residency*

*Borrowers must apply and meet elibility criteria established by the federal government for deferment.