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 (MPN).
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.
Wachovia
U.S. Bank
Citibank
Sallie Mae Education
Trust
UW Credit Union
Wells Fargo
Associated Bank
EdAmerica
AnchorBank
Chase Bank
Wachovia (870005)
Tom Hansen
(877) 689-0763
(651) 739-7996
www.wachovia.com/education
* 3% Origination Fee
* 1.2% principal reduction at disbursement (must make the
first 12 payments on time to retain the benefit)
* Benefit rehabilitation - a borrower who misses one of the
first 12 payments can re-earn the principal reduction by completing a
financial literacy tutorial and making the remainder of the first 12
payments on time.
* .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% credit of original principal balance after 12
consecutive monthly on-time payments
* .25% interest rate reduction for auto debit
Citibank (824756)
David Wiegmann
(888) 867-5968
www.studentloan.com
* 3% Origination Fee
* .25% interest rate reduction for auto debit
Sallie Mae
Education Trust (862218)
Aaron Berktold
(888) 272-5543
(612) 724-7700
www.salliemae.com
* 3% Origination Fee
* 1% loan credit after making the first 12 payments on-time
as scheduled (must sign up to receive account information by e-mail
through IBIS, Great Lakes online accounting management tool)
* .70 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
* .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
* .50% interest rate reduction at repayment upon verification
of GRADUATION
* .25 interest rate reduction for auto debit
Associated Bank
(830492)
Brian Lamers
(800) 789-6765
(608) 843-5996
www.associatedbank.com
* 3% Origination Fee
* 2% interest rate reduction for 48 consecutive on-time
monthly payments
* .25% interest rate reduction for auto debit
* PLUS borrowers receive a credit of total paid origination
fees, minus $250, after 24 consecutive on-time payments
EdAmerica (834060)
Jo Woodward
(715) 531-0276
(800) 337-6884
(651) 485-3261
(cell)
www.edamerica.net
* 3% Origination 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
* 2% interest rate reduction if first 48 payments are made
on-time
* .25% interest rate reduction for auto debit
Chase Bank
(808956)
Lisa Albers
(800) 487-4404
(888) 487-4404 ext 0776
www.chasestudentloans.com
*
3% Origination Fee
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.
