SUGGESTED PARENT PLUS LOAN
LENDERS
salliemae.com studentloan.com/schools/calarts
Servicer: Sallie Mae Servicer: Citibank
Fees
charged: Fees
charged:
Default fee 1% Default
fee 1%
Origination fee 3% Origination
fee 3%
Incentives: Incentives:
*0.70% interest rate
reduction for auto *0.50% interest rate reduction at
debit payment repayment
for all borrowers who
make on-time payments
*0.25% interest rate reduction with auto
debit payments AND agree to receive
only electronic statements
*Zero payments for the last six months when
all prior payments have been paid on-time
1-800-658-3567
Sells to: No one
Servicer: None
Fees Charged:
Default fee 1%
Origination
fee 3%
*0.25% interest rate reduction with auto-debit