Graduate PLUS Loans
2008-09
Effective July 1, 2006, graduate or professional students are now eligible to borrow under the PLUS Loan Program up to their cost of attendance minus other financial aid received.
The terms and conditions applicable to Parent PLUS Loans also apply to Graduate PLUS loans. These requirements include a determination that the applicant does not have an adverse credit history, repayment beginning on the date of the last disbursement of the loan, and a fixed interest rate of 8.5 percent.
Applicants for these loans are required to complete the Free Application for Federal Student Aid (FAFSA). They also must have applied for their annual loan maximum eligibility under the Federal Subsidized and Unsubsidized Stafford Loan Program before applying for a Graduate PLUS loan.
UW-La Crosse graduate students who wish to apply for a Graduate PLUS Loan should:
1- Apply for pre-approval.
2- If this is your first Graduate PLUS Loan, you must complete Graduate PLUS Entrance Loan Counseling.
3- Fill out a Graduate PLUS Loan Request Form.
4-
Complete a
Graduate PLUS Loan Master Promissory Note
(GRAD PLUS MPN).
If you are using Wells Fargo
for your Graduate PLUS Loan lender, you will need to complete
the
Wells Fargo Graduate PLUS MPN
on their site.
You may borrow from any lender that
you choose.
UW-L's
2008-09 Preferred Lender List
Information about each lender and the
benefits they offer is available below.
The information below is subject to change without notice. For the most up-to-date information, contact the lender.
Wachovia
U.S. Bank
Citibank
Sallie Mae Education
Trust
UW Credit Union
Wells Fargo
Associated Bank
EdAmerica
AnchorBank
Chase Bank
Wachovia (870005)
(877) 689-0763
www.wachovia.com/education
* 3% Origination Fee
* 1% Default Fee
* .25% interest rate reduction with auto debit
U.S. Bank (821654)
Linda Brumm
(800) 242-1200 ext. 5438
(920) 484-3505
www.usbank.com/studentloans
* 3% Origination Fee
* 1% Default Fee
* .25% interest rate reduction for auto debit
Citibank (824756)
(800) 967-2400
www.studentloan.com
* 3% Origination Fee
* 1% Default Fee
* .25% interest rate reduction for auto debit
Sallie Mae
Education Trust (862218)
Jill Nett
(888) 272-5543
www.salliemae.com
* 3% Origination Fee
* 1% Default Fee
* .25 interest rate reduction for auto debit
UW Credit Union (818611)
UW Credit Union Lending Center
(800) 533-6773 ext 2900
www.uwstudentloans.com
* 3% Origination Fee
* 1% Default Fee
* .50% interest rate reduction for auto debit
* .25% interest rate reduction after 36 consecutive, on-time
payments
Wells Fargo
(807176)
Ben Osmond
(800) 658-3567
(866) 239-1634
www.wellsfargo.com/student
* 3% Origination Fee
* 1% Default Fee
Associated Bank
(830492)
Brian Lamers
(800) 789-6765
(608) 843-5996
www.associatedbank.com
* 3% Origination Fee
* 1% Default Fee
* .25% interest rate reduction for auto debit
EdAmerica (834060)
Jo Woodward
(651) 485-3261
(800) 337-1009
www.edamerica.net
* 3% Origination Fee
* 1% Default Fee
* .25% interest rate reduction for auto debit
with continuous on-time payment
AnchorBank (823011)
Bill Venne
(800) 236-8769
(608) 252-8769
www.anchorbank.com
* 3% Origination Fee
* 1% Default Fee
* .25% interest rate reduction for auto debit
Chase Bank
(808956)
(800) 487-4404
www.chasestudentloans.com
*
3% Origination Fee
* 1% Default Fee
* .25% interest rate reduction for auto debit
PLUS Borrower's Rights and Responsibilities Statement
2008-09 Graduate Other Financing Options Brochure
Methodology used in determining UW-La Crosse's Preferred Lender List
The UW-La Crosse Financial Aid Office does not and never has received favors or benefits from lenders in exchange for putting those lenders on our Preferred Lender List.
