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Skidmore's Preferred Plus Lender List

Federal Parent PLUS Loans carry a fixed interest rate of 8.5%

Preferred lenders were chosen based on a variety of criteria that include borrower
benefits, customer service, financial stability and technology. Refer to How Skidmore Selects Lenders for your Consideration for more details. You may choose a lender of your choice orone of the below, see Tips on Selecting a Student Loan Lender and Disclosure of Preferred Lenders 2009-2010. A borrower will suffer no penalty for choosing a lender not on list.

We encourage you to compare information from all providers before deciding on a lender.

Preferred Lenders are listed alphabetically below and are not an affiliate of each other.

Citibank
c/o Citibank SD, P.O. Box 6128, Sioux Falls, SD 57117
Lender Code 826878
1-800-967-2400

  • Origination fee will be charged of 3% and a default fee charged of 1%.
  • Fees deducted at time of disbursement.
  • A .25% interest rate reduction when payments are automatically deducted from savings or checking account. Borrower must sign up for auto debit payment program and agree to only receive statements electronically.
  • No income level requirements but require a credit approval.
  • Up to ten years to repay with flexible terms.
  • Borrower can defer principal and interest payment for up to 48 months while the student is in school.
  • Borrower can be pre-approved online and receive a 3-minute credit decision.
  • Citbank intends to own and service your loan for the life of the loan. If for any reason, other than default, your loans are sold, the benefits, terms and conditions will remain unchanged. Citibank will also notify you should a change in servicer result from loans being sold.

PNC
c/o ACS, PO Box 92251, Los Angeles, CA 90009-2551
Lender Code: 809921
1-800-762-1001

  • Origination fee will be charged of 3% and a default fee charged of 1%. Fees deducted at time of disbursement.
  • No income level requirements but require a credit approval.
  • Up to ten years to repay with flexible terms.
  • A .25% interest rate reduction when payments are automatically deducted from any savings or checking account.
  • Borrower can defer principal and interest payment for up to 48 months while the student is in school.
  • Loans are serviced by ACS.
  • PNC has sold loans in the past to national secondary markets, however, they do not plan to sell loans.

This information is subject to change, please check with lender's website for up to date information.

Please contact the lender or visit their website to learn more about the benefits they offer and how to meet specific benefit conditions.

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