Stafford Lender Recommendations
Due to disruptions in the financial markets, lender terms and conditions are subject to change. As a result, this page may require occasional updates. Last update 10/03/2008.
International Alternative Lender Recommendations
Grad-Plus Lender Recommendations
Stafford Lender List |
CHASE |
CITIBANK |
NATIONAL CITY |
SALLIE MAE |
|---|---|---|---|---|
Guarantor |
Texas Guaranty |
|||
Loan Information |
||||
Apply Online |
||||
Interest Rate |
6.8% on Unsubsidized Staffords fixed for life of the loan |
|||
Repayment Rate |
6.8% on all Unsubsidized Staffords fixed for life of the loan |
|||
Aggregate Loan Limit |
$224,000† | |||
Origination Fee |
1% |
1% |
0% |
1% |
Repayment Benefits |
|
|
|
|
Guarantee Fee |
Texas Guaranty will pay the 1%; no fee assessed to PSOM students.* |
Texas Guaranty will pay the 1%; no fee assessed to PSOM students*. | Texas Guaranty will pay the 1%; no fee assessed to PSOM students.* |
Texas Guaranty will pay the 1%; no fee assessed to PSOM students.* |
Capitalization |
Occurs on accrued interest at the end of forbearance, deferment, or grace as borrower enters repayment. | Occurs at repayment on all Stafford loans following uninterrupted periods of grace and deferment. | Occurs once at repayment. Interest is not capitalized during deferment or forbearance. | Occurs once at repayment on unsubsidized Stafford loans following uninterrupted periods of grace and deferment. |
Contact Customer Service |
(877) 744-2633 | (866) 515-8352 | (800) 377-9095 | (800) 233-7575 |
† Aggregate limit increase effective as of April, 2008
* Change effective for all loans guaranteed after July 1, 2008
** Loan likely to be sold to U.S. Government at behest of lender due to disruptions in financial markets.