DeVry Student Finance - Federal PLUS Loan Features

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Federal PLUS Loan Chart for Graduate Students Lender Loan
Features Simple, online application
process with pre-approval
within seconds. The Federal Graduate
PLUS loan is available to
graduate or professional
students. With no
collateral, debt to income
or financial need
requirements our Graduate
PLUS Loan lets you easily
cover the full cost of your
education less any other
financial aid received; fast
on-line credit decisions;
second look credit process
is available. q Flexible repayment
options. q 24/7 online account
management. q No prepayment
penalty. q Combined billing on all
your Sallie Mae loans. q No payments required
while enrolled. q Team of certified credit
counselors on hand to
counsel applicants
with credit challenges. q Pre-approvals online
or over the phone. q No pre-payment
penalties. Students are able to apply
via the web or phone and
can electronically sign the
promissory note. Phone 1-800-487-4404 For Financial Aid offices
(Priority Services): 800-846-
1290; for borrowers 800-
967-2400 888-2-SALLIE 1-800-338-2243 800-658-3567 Hours 8 a.m. - 9 p.m. EST Priority Services available
8 am to 10 pm. EST;
Customer Service
Associates are available
from 8am to 11pm EST MondayThursday, 8 a.m.
8 p.m., Friday, 8 a.m.5 p.
m. in your time zone 8:30am - 8:00pm ET,
Monday through Friday 8am to 9pm Monday
through Friday 8am to
12pm Saturday (Central
Time) Interest Rate 8.5% Fixed 8.5% Fixed Rates on PLUS Loans are
fixed at 8.5% for loans first
disbursed on or after
7/1/06. 8.5% Fixed 8.5% Fixed Fees 3% Origination Fee, 0%
Default Fee Citibank PLUS loans incur
a 3% origination fee
charged to the borrower by
the Department of
Education, as required
under the Higher Education
Act of 1965, as amended;
the 1% default fee will be
paid by EDFUND. 3% Origination Fee 0% Default Fee, 3%
Origination Fee 3.00% Origination Fee,
0.00% Default Fee Start Date of
Repayment As a Citibank customer
there is an automatic in-
school deferment available
to students so they can
concentrate on their
studies, not on paying their
loans. Repayment begins after
graduation, leaving school,
or dropping below half-time
enrollment. The first
payment will be due up to
60 days after repayment
begins. Payments begin after you
leave school or drop below
half-time status. You have
the option to align
payments with your
Stafford loans to begin
repayment six months after
leaving school. Borrower
Benefits 100% of Chase Grad
PLUS loan borrowers
receive these benefits: q 0% default fee q 0.10% automatic
interest rate reduction
immediately at
repayment See web site or call for
important terms and
conditions. Benefits apply
to loans originated and
serviced under lender code
803000. q 0.25% interest rate
reduction when you
enroll in our auto-debit
payment program Our auto-debit payment
program provides an
additional interest rate
reduction during repayment
when a borrower enrolls in
the program and agrees to
receive only electronic
statements. This interest
rate reduction will
automatically terminate if a
payment is returned unpaid
due to insufficient funds or
other reason. Automatic
interest rate reductions and
all borrower benefits
including these offers
terminate upon loan
delinquency, default and
consolidation. Interest rate
reductions do not apply
during periods of
deferment or forbearance.
To avoid late fees and
retain borrower benefits
you must make and have
your payments posted to
your account no later than
the scheduled due date.
We reserve the right to
modify or discontinue
benefit programs at any
time without notice. Any
termination or modification
of the program will not q 0.25% interest rate
reduction for auto-debit q 0.25% interest rate
reduction when using
auto debit With our Graduate PLUS
Loan, students are
rewarded for achieving
their education goal. This
benefit cannot be taken
away for late payments.
Available for Graduate
PLUS Loans guaranteed
on or after July 1, 2008: q A 0.25% interest rate
reduction when Wells
Fargo automatically
withdraws payments
from a personal
checking or savings
account at repayment q Combined billing of
Federal Stafford,
Federal PLUS, and
Wells Fargo Private
Loans. q Life of Loan Servicing
- one point of contact
from application
through final payment. q Free Wells Fargo
College Checking q account, Online
Banking, and Bill Pay. affect the terms of loans
previously made. Specific
terms and conditions apply.

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