Federal GradPLUS Loans:
To help cover the costs of education of graduate students, SIUE is offering Federal GradPLUS Loans through various lenders. Graduate students can receive up to the cost of education less financial aid received. Eligibility for this loan depends on the creditworthiness of the student. GradPLUS Loans have a fixed interest rate and repayment begins 60 days after disbursement. Check with your lender about deferring payments while you are enrolled in school. First time borrowers need to complete and submit an electronic Master Promissory Note (MPN). Continuing GradPLUS borrowers may also need to complete a new MPN.
If you are unfamiliar with the Federal GradPLUS Loan, we highly encourage you to complete an online Entrance Loan Counseling session to learn more about this loan. Visit Mapping Your Future by clicking here or on the icon to the right.
If you are graduating from SIUE - CONGRATULATIONS! Should you have Federal GradPLUS Loans, we strongly recommend that you to take part in the online Exit Loan Counseling session. It will not take long to complete the session and in return you will receive valuable information about managing the repayment of your loan. | 
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SIUE has a list of commonly used lenders for you to consider. These lenders were chosen for their good service to our students and their great repayment benefits. We will, however, process any loan application from any lender the student chooses; students and parents are ALWAYS allowed to choose their own lender.
It is wise to stay with the same FFELP lender throughout your academic career.
To apply, please select ONE lender from the list below:
GradPLUS Loan Lender List
National Education » Lender Code 834378 » 1-800-345-4325
| GradPLUS Loans |
 | - 0.25% interest rate reduction for automatic account withdrawal
- 0% to 1% default fees based on guarantor
- Fast online loan application process with instant conditional loan approval
- "Second Look" available for denied loans
- Online account access 24/7
- Make interest only or postpone payments while enrolled in school at least half-time
- Exceptional personal customer service
- Choice of repayment plans to fit your budget
- No prepayment penalties
- Postpone payments with deferment and forbearance options
- Combined billing when National Education is your servicer for multiple students loans
- Student loans are our only business! We've been in business since 1988.
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EdAmerica » Lender Code 831453 » 1-800-337-6884
| GradPLUS Loans |
 | - 0% to 1% default fees based on guarantor
- 0.25% interest rate deduction for auto-debit with continuous on-time payments
- Interest only or postponement of payments available
- One point of contact for life-of-loan servicing
- Combined billing available
- Instant credit decision and easy application process online and by phone
- If denied, a "second look" can be requested
- Flexible repayment options
- 24/7 online account maintenance
- 20 years of expertise concentrating solely on student loans
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National City now a part of PNC» Lender Code 809921 » 1-800-762-1001
| GradPLUS Loans |
 | - 0.25% interest rate reduction for automatic account withdrawal
- 0% to 1% default fees based on guarantor
- Fast online loan application process
- Online credit approval with option to review
- Online account access 24/7
- 6-month grace period before payments begin
- Exceptional personal customer service
- Choice of repayment plans to fit your budget
- No prepayment penalties
- Postpone payments with deferment and forbearance options
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All loans require at least half-time enrollment (5 hours for graduate students, 6 hours for undergraduate students) in ALL terms: Fall, Spring, AND Summer. This enrollment requirement must be maintained through the end of the 100% refund period for each term.
* Students and parents are always allowed to choose their lender.
