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Grad-Plus Lender Recommendations

Remember to apply online directly to your lender of choice

International Alternative Loan Lender Recommendations

Stafford Lender Recommendations

Grad Plus Lender List
CHASE
CITIBANK
IDAPP
NATIONAL CITY
SALLIE MAE
Servicer/
Guarantor
Great Lakes
Citibank/Texas Guaranty
IDAPP/ISAC
Great Lakes
Sallie Mae/USA Funds
Loan Information
Apply Online
Interest rate
8.5% fixed for life of the loan
7.5% *
7.65% **
8.5% fixed for life of the loan
Repayment Rate
8.5% fixed for life of the loan
7.5% *
7.65% **
8.5% fixed for life of the loan
Aggregate Loan Limit Cost of Attendance Minus Other Financial Aid
Origination Fee
3%
Repayment Benefits
  • .40% interest rate reduction for ALL borrowers at repayment.
  • Recoverable .50% automatic interest rate reduction with on time payments.
  • .25% interest rate reduction with ACH.
  • Zero payments for the last six months of loan repayment.
  • Albany Bank program= 1% principal reduction at first disbursement.*
  • IDAPP program= 1% principal deduction rebated to borrower at repayment.
  • .60% principal reduction at first disbursement.**
  • .70% interest rate reduction for ACH.
  • 1% loan credit (based upon original amount borrowed) for first 12 on time payments and signup with 'Manage Your Loans'.
Guarantee
Fee		 Chase will waive federal fee; no fee assessed to PSOM students.
Texas Guaranty will pay down the 1% fee; no fee assessed to PSOM students. IDAPP pays .50%, ISAC pays .50%; no fee assessed to PSOM students. Great Lakes will pay down the 1% federal fee; no fee assessed to PSOM students. USA Funds will pay down the 1% fee; no fee assessed to PSOM students.
Capitalization Occurs on accrued interest at the end of forbearance, deferment, or grace as the borrower enters repayment. Occurs at the start of repayment periods and at the end of deferment and forbearance periods as applicable per loan. Interest capitalized at the start of repayment periods and at the end of deferment and forbearance periods, as applicable per loan program. Occurs once at repayment. Interest is not capitalized during deferment or forbearance. Occurs once after uninterrupted periods of in school and other authorized deferment periods.
Contact Customer Service (877) 744-2633 (866) 515-8352 (800) 961-4327 (800) 377-9095 (800) 233-7575

* 7.5% interest rate. Albany Program provides University of Chicago borrowers a 1% interest rate reduction from the federal staturory rate of 8.5%. The lower interest rate is applied upon the first disbursement for the life of the loan. This borrower benefit cannot be 'lost' by the borrower.

** GradPLUS rate is fixed at 7.65% for all borrowers beginning at disbursement and remains fixed through the life of the loan.