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Available Loans and Lenders
PLUS (Parent Loan for Undergraduate Students) Loans
PLUS (Parent
Loan for Undergraduate Students) loan applications must be completed annually. If
the PLUS loan is
denied by the lender, the student may receive up to $4000
annually in the William D. Ford unsubsidized loan, if
otherwise eligible. Eligibility requirements include meeting
Satisfactory Academic Progress (SAP) standards, being a
dependent student, and being enrolled in at least 6 credit
hours in a degree-seeking program. PLUS loan applications must be completed by the parent
or guardian of a dependent student. These loans are
credit-based and the criteria for approval is set by the
lender.
Norfolk
State University Preferred PLUS Lender List
The following are preferred lenders for
Norfolk State University. When you have decided on a lender,
click on the lender logo to proceed to the next step.
Please read and follow all instructions carefully to
ensure the timely processing of your loan.
Graduate
students should apply for the Graduate PLUS Loan available
from your lender choice.
PLEASE NOTE: IF YOU HAVE PREVIOUSLY
BORROWED A PLUS LOAN AND DO NOT SEE YOUR LENDER LISTED
BELOW, PLEASE
CLICK HERE.
|
Lender |
Benefits |
Lowest Possible Up-front Fees(%) |
Lowest Possible Interest Rate(%) |
Highest Possible Up-front Fees(%) |
Highest Possible Interest Rate(%) |
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 |
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Lender code:
833067 |
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Phone: 1-800-891-4203 |
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0.70%
interest rate reduction for
making payments using
automatic debit
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Free,
confidential credit
counseling for borrowers who
are not initially approved
so that they can become PLUS
eligible
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8.5% fixed rate
|
3.00 |
7.80 |
4.00 |
8.50 |
|
|
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Lender code:
829076 |
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Phone: 1-800-367-8848 |
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0.70%
interest rate reduction for
making payments using
automatic debit
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Free,
confidential credit
counseling for borrowers who
are not initially approved
so that they can become PLUS
eligible
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8.5% fixed rate
|
3.00 |
7.80 |
4.00 |
8.50 |
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Lender code: 802218 |
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Phone: 1-800-891-1410 |
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0.70%
interest rate reduction for
making payments using
automatic debit
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Free,
confidential credit
counseling for borrowers who
are not initially approved
so that they can become PLUS
eligible
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8.5% fixed rate
|
3.00 |
7.80 |
4.00 |
8.50 |
|
 |
|
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Lender code: 820564 |
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Phone: 1-800-552-3006 |
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0.25%
interest rate reduction for
making payments using
automatic debit
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1.5%
principal reduction after
making the first 12 on-time
payments
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8.5% fixed rate
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3.00 |
8.25 |
4.00 |
8.50 |
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Alternative Loans
Alternative loan applications may be completed by the
student or the parent, and must be completed annually. These loans are credit-based, and the
approval criteria is established by the lender. Select a
lender and read and follow ALL instructions to
ensure accurate and timely processing of loan.
|
Lender |
Benefits |
Rates
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Signature Student Loan |
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Phone: 1-800-695-3317 |
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0.5%
interest rate reduction for
making payments using
automatic debit
- high borrower approval
rate
- No fees
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- Interest rates are variable
and based on the LIBOR Rate.
- Manage your credit well and
get a lower interest rate.
- Make interest payments during
school so you have a lower amount to repay.
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Academic
Answer Loan |
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| Phone: 1-866-763-6350 |
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0.25%
interest rate reduction for
making payments using
automatic withdrawal
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No upfront fees
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Defer payments while in
school; 6 month grace period
after graduation
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Graduation Reward - $300
Principal Reduction per loan
with proof of graduation
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Cosigner release available
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Competitive interest rates:
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Discover®
Private Education
Student Loan |
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Phone: 1-877-728-3030 |
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- Up to 0.25% rate reduction for
making payments using auto-debit
- No payments while in school at least
half-time
- Zero fees and 2% Graduation Reward
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Competitive interest rates as low
as Prime minus 0.5% |
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