SUGGESTED PARENT PLUS LOAN LENDERS

 

 

 

SALLIEMAE EDUCATION TRUST                    CITIBANK

1-800-695-3317                                                                      1-800-967-2400

salliemae.com                                                                                                        studentloan.com/schools/calarts

Sells to:            Sallie Mae                                                        Sells to:            No one

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

 

 

                                                                             WELLS FARGO

                                                                                                1-800-658-3567

                                                                                                                                wellsfargo.com/student                                                     

                                                                                                                                Sells to:            No one

                                                                                                Servicer:           None   

                                                                                                Fees Charged:

                                                                                                 Default fee                1%

                                                                                                Origination fee         3%

                                                                                                *0.25% interest rate reduction with auto-debit