The Blinn College lender list serves as guidance for Parents when selecting a lender for their Federal PLUS Loans. Parents are not required to choose a lender from our list. Therefore, Parents have the right to choose a lender that is not listed on the above lender list. For lenders to be included on this list they must demonstrate quality service to Parents, fair and reasonable repayment options and incentives, and quality customer service to our staff. Blinn College conducts a formal review of prospective lenders each year through a request for information survey.
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Lender Name
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Lender Code
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Servicer
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Interest Rates
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Origination Fees
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Repayment Terms
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Other Benefits
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Aggieland Credit Union
877-462-4443, ext. 4
Click on link above to apply |
830445 |
Aggieland Credit Union |
8.5% |
3.00% |
.25% Interest Rate Reduction for Auto Debit |
PLUS Loans are sold to North Texas Higher Education Authority within 60 days of the last disbursement who will then take over the repayment process. |
EdAmerica
888-337-6884
Click on link above to apply
|
831453 |
Edfinancial Services |
8.5% |
0% Default Fee; 3% Orig Fee |
0.25% interest rate reduction for auto-debit |
0.25% interest rate reduction for auto-debit and on-time payments; Flexible repayment options; Full payment deferral for up to four years while your student is in school. |
First National Bank Texas
(800)813-4372
Click on link above to apply
|
810815 |
Higher Education Servicing Corporation (HESC) |
8.5% |
3.00% |
.25% Interest rate reduction with auto debit |
Special repayment options are available. Parents may request to defer PLUS payments until 6 months after the student ceases to be enrolled half time. |
Nelnet
(888) 486-4722
Click on link above to apply |
833669 |
Nelnet |
8.5% |
3.00% |
.25% Interest rate reduction with auto debit |
|
PNC Bank
800-835-0177
Click on link above to apply
|
809921 |
ACS |
8.5% |
3.00% |
0.70% interest rate reduction at repayment for payments automatically deducted from a checking or savings account. (ACH) |
Option to delay repayment for up to four academic years while students is enrolled in school; choice of repayment plans |
SallieMae Education Trust
888-272-5543
Click on link above to apply |
802218 |
SallieMae |
8.5% |
3.00% |
.25% interest rate reduction for automatic debit of payments. 24 x 7 online account management at www.SallieMae.com/Repayment |
Flexible repayment options are available. Postpone repayment for up to 60 months. Parent PLUS borrowers may use Sallie Mae's PLUS Success, a free, confidential credit counseling service. |
Wells Fargo
800-658-3567
Click on link above to apply
|
807176 |
Wells Fargo |
8.5% |
3.00% |
Postponed payments for up to five years while their student is enrolled at least half-time (borrower must request forbearance annually). |
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