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Federal Parent PLUS Loans:

To help cover the costs of education of dependent students, SIUE is offering Federal PLUS Loans through various lenders. Parents can receive up to the cost of education less financial aid received. Eligibility for this loan depends on creditworthiness of the dependent student's parent. PLUS Loans have a fixed interest rate and repayment begins 60 days after disbursement. First time borrowers need to complete and submit an electronic Master Promissory Note (MPN). Continuing PLUS borrowers may also need to complete a new MPN.

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.

To apply, please select ONE lender from the list below:


PLUS Loan Lender List


National Education » Lender Code 834378 » 1-800-345-4325

PLUS 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 approval
  • "Second Look" available for denied loans
  • Online account access 24/7
  • No payments required for up to five years while the student is enrolled in school at least half-time (annual forbearance required)
  • 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 loans
  • Student loans are our only business! We've been in business since 1988.

          Apply Now!


Citibank » Lender Code 826878 » 1-800-967-2400

PLUS Loans
  • 0.25% interest rate reduction for auto-debit
  • Quick, Easy Eligibility check
  • Defer payments while your child is in school
  • Interest Only payment option for either 24 or 48 months
Apply Now!

     


EdAmerica » Lender Code 831453 » 1-800-337-6884

PLUS 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
Apply Now!

     


National City now part of PNC» Lender Code 809921 » 1-888-762-1001

PLUS 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
  • Exceptional personal customer service
  • Choice of repayment plans to fit your budget
  • No prepayment penalties
Apply Now!

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.

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