UW-La Crosse 2008-09
Preferred Lender List

The lenders on UW-La Crosse's Preferred Lender List have been chosen because of superior customer service and outstanding savings for our students. However, you may choose any lender.

 

What to consider when choosing a lender
1. All Federal education loans have the same interest rate BUT some lenders offer prompt payment discounts that can reduce the cost of the loan.
2. These repayment incentives, also known as borrower benefits, can include interest rate reductions, full or partial origination fee rebates, and principal balance reductions.
3. Some of the cost savings are immediate while others require the student to make the first 12, 24, 36, or 48 monthly payments on time and continue making the payments on time. Some require that you actually graduate in order to receive the benefit.
4. It is important to realize that if you are LATE on a single monthly loan payment you will no longer qualify for the prompt payment discounts.
5. Many lenders offer incentives for using automatic direct debit of monthly payments.

 

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
    * 1% Origination Fee
    * 1% 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
    * 1% 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
    * 1% 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
    * 0% Origination Fee
    * .30 interest rate reduction for auto debit
UW Credit Union (818611)
UW Credit Union Lending Center
(800) 533-6773 ext 2900
www.uwstudentloans.com
    * 0% 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
    * 1% Origination Fee
    *.5% interest rate reduction at repayment upon verification of GRADUATION
    * .25% interest rate reduction with auto debit


Associated Bank (830492)
Brian Lamers
(800) 789-6765
(608) 843-5996
www.associatedbank.com
    * 0% Origination Fee
    * 2% interest rate reduction for 48 consecutive on-time payments
    * .25% interest rate reduction for auto debit


EdAmerica (834060)
Jo Woodward
(715) 531-0276
(800) 337-6884
(651) 485-3261 (cell)
www.edamerica.net
    * 1% Origination Fee
    * .25% interest rate reduction for auto debit


AnchorBank (823011)
Bill Venne
(800) 236-8769
(608) 252-8769
www.anchorbank.com
    * 0% Origination Fee
    * 2% interest rate reduction after 48 consecutive on-time payments
    * .25% interest rate reduction for auto debit


Chase Bank (808956)
 Lisa Albers
 (800) 487-4404
 (888) 487-4404 ext 0776
www.chasestudentloans.com
    * 1% Origination Fee

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.