Susquehanna Recommended Lenders

 

2008–09 Susquehanna University Lender Information

Listed below are a few recommended lenders that Susquehanna has chosen for the 2008–09 academic year. We recommend these lenders based on the quality of products and services they provide to students and families. We have carefully considered our selections by evaluating 15 lenders who responded to our “Requests for Information” to determine the best service, price and products available to Susquehanna families. However, if you wish to use another lender that is not on this list, you have the right to do so.

Please contact the Office of Financial Aid at (570) 372-4450 if you would like assistance in locating a different lender. Please keep in mind that the student loan industry is constantly changing, and lenders can change or eliminate their borrower benefits without notice. We will do our best to keep the information below current, but we strongly suggest that you call our office for updated information.

Federal Stafford Loans: Subsidized Stafford Loans – Fixed rate of 6.0% Unsubsidized Stafford Loans – Fixed rate of 6.8%

National City	Lender code – 810148 0% origination fee. 0% default fee. 0.30% interest rate reduction for automatic debit 0.60% interest rate reduction for automatic debit after 24 on time payments (student must be enrolled in automatic debit when repayment begins)
Edamerica	Lender code - 831453 1% origination fee. 0% default fee. .25% interest rate reduction for automatic debit.
PNC Bank	Lender code - 809921 1% origination fee. 0% default fee. .25% interest rate reduction for automatic debit.
Citizens Bank	Lender code - 833880 1% origination fee. 0% default fee. .25% interest rate reduction for automatic debit.

 

Federal Parent PLUS Loans: Federal Fixed Rate – 8.5% (all Federal Plus Loans have a 3% upfront fee)

Edamerica	0% default fee. 0.25% interest rate reduction for automatic debit. Lowest rate – 8.25%
PNC Bank	0% default fee. 0.25% interest rate reduction for automatic debit. Delayed repayment option and credit counseling available. Lowest rate – 8.25%
Citizens Bank	0% default fee. 0.25% interest rate reduction for automatic debit. Payment postponement option for up to 48 months. Lowest rate – 8.25%
National City	0% default fee. 5% principal reduction in repayment (1% each year for the first five years). Payments can be deferred up to 48 months while the student is enrolled. Free identity theft assistance.

 

Private Student Loans

Chase www.chaseselectloans.com	Chase Select Loan No fees (origination or repayment) for any borrower. Rates as low as prime –1.0% with a cosigner, prime –0.50% without a co‐signer. 0.25% interest rate reduction for automatic debit. Co‐signer release options after 36 on-time payments.
Citibank www.studentloan.com	CitiAssist Loan Loan Fees as low as 0%. Interest rate as low as prime + 1% to Prime + 7.5%.. 0.75% interest rate reduction for automatic debit. Co‐signer release available after 24 on‐time payments.
Citizens Bank www.salliemae.com/signature/ citizens	Signature Student Loan Zero fees Rates range from 1-month LIBOR +4.0% to 1-month LIBOR + 10.75% A 0.50 percentage point interest rate reduction with auto debit No income requirement Co-signer release available after the first 24 on-time payments of principal and interest
PNC Bank http://www.eduloans.pncbank.com/ programs/solution/solutionmain.htm	PNC Solutions Loan Interest rates as low as Libor +2.25% based on credit. Loan fees as low as 0%. Co-borrower release after 48 consecutive on-time monthly payments. 0.25% interest rate reduction for automatic debit.
NJ Class Loan www.hesaa.org	Information available at the Web site listed to the left. Available to N.J. residents only.
Total Higher Education (T.H.E.) http://theloanprogram.org/SUSQUEHANNA	Undergraduate Loan O% origination Fee. Interest rates as low as prime – 0.50% to prime + 4.75% based on credit evaluation. 0.25% interest rate reduction with automatic debit. Interest capped at 18%. 2% cash reward on the outstanding principal balance at graduation. Co-signer required.

*Susquehanna recommends these lenders based on service, price and product. You are not required to choose one of these lenders. Origination fees and guarantee fees may vary depending on lender.