BCU Federal PLUS Loan Preferred

All PLUS loans have a 3.00% Origination Fee which is deducted from the proceeds when the funds are disbursed to the school. PLUS loans are also subject to a 1.00% Federal Default Fee which may or may not be paid by your lender or guarantee agency. The staff of the Financial Aid Office (FAO) chooses lenders for our lender list based on: commitment to quality service for students and financial aid staff, quality products and electronic processing capabilities. Parents are not required to use a lender on this list.

BCU Federal PLUS Loan Lenders
Lender/Contact Information	PLUS Loan Special Features & Borrower Benefits
Chase Bank 1-866-306-0868 www.chase.com Lender Code: 803000	Fixed interest rate of 8.50% 0.60% interest rate reduction when you enter repayment. 0.25% interest rate reduction for electing automatic payments
First National Bank https://webappnow.studentloan.org/plus/ Lender Code: 803947	Fixed interest rate of 8.50%
Security National Bank 1-877-762-4962 https://webappnow.studentloan.org/plus/ Lender Code: 804189	Fixed interest rate of 8.50%
U.S. Bank 1-800-242-1200 https://webappnow.studentloan.org/plus/ Lender Code: 804267	Fixed interest rate of 8.50%
Vantus Bank 1-800-352-4620 https://webappnow.studentloan.org/plus/ Lender Code: 820318	Fixed interest rate of 8.50%
Wachovia 1-877-689-0763 www.wachovia.com/education Lender Code: 830005	1.0% interest rate reduction after first 36 payments are made timely by auto-debit Benefit repair: If borrowers miss one of the first 36 payments, they can restore their eligibility for the rate reduction by passing an online financial literacy course
Wells Fargo 1-800-658-3567 http://wfefs.wellsfargo.com/jump/ia/briarcliff_plus.html Lender Code: 807176	Fixed interest rate of 8.50% 0.25% interest rate reduction for electing automatic payments
All PLUS loans have a 3.00% Origination Fee which is deducted from the proceeds when the funds are disbursed to the school. PLUS loans are also subject to a 1.00% Federal Default Fee which may or may not be paid by your lender or guarantee agency. The staff of the Financial Aid Office (FAO) chooses lenders for our lender list based on: commitment to quality service for students and financial aid staff, quality products and electronic processing capabilities. Parents are not required to use a lender on this list. Parents considering a lender not on this list should contact the FAO before applying for a PLUS Loan. Borrower benefits are subject to change. Most borrower benefits require on time payments. If a late payment occurs at any time during repayment the benefit may or may not be recovered. Also, if you choose to consolidate your loans, your benefits may be lost. Be sure to ask your lender for details.