Parent PLUS Loan Lenders

These lenders have been chosen by SNHU because of superior customer service and outstanding savings. However, you may use any lender.

Important things to consider when choosing a lender:

Repayment benefits	Co-signer options
Services available	Interest rates
Credit criteria	Fee amounts

Lender Information	PLUS Loan Benefits
Chase Bank Lender Code: 803000 Phone: 800.487.4404	3% Origination Fee 1% Default Fee Standard Repayment – 60 days after final disbursement of loan Parents can request deferment up to 5 years while student in school 0.25% interest rate reduction for auto-debit payments
Citibank Lender Code: Phone: 800.967.2400	3% Origination Fee 0% Default Fee Standard Repayment – 60 days after final disbursement of loan Auto deferment up to 5 years while student in school up to 0.75% interest rate reduction if enrolled in Easy Pay and 36 on-time consecutive payments
Citizens Bank Lender Code: 810240 Phone: 800.708.6684	3% Origination Fee 1% Default Fee Standard Repayment – 60 days after final disbursement of loan 0.25% interest rate reduction for auto-debit payments
DiscoverStudentLoans Lender Code: 831312 Phone: 877.728.3030	3.0% Origination Fee 1% Default Fee Standard Repayment – 60 days after final disbursement of loan Option to defer payments while student is enrolled at least half-time 0.25% Interest rate reduction for auto-debit payments
Edamerica Lender Code: 831453 Phone: 800.337.1009	3.0% Origination Fee 1.0% Default Fee with select guarantors Flexible repayment options Parents can request deferment after final disbursement, before repayment No income or collateral requirements. 0.25% interest rate reduction for auto-debit payments
NHHEAF Lender Code: 832994 Phone: 800.525.2577	3.0% Origination Fee 1.0% Default Fee Must request and quality for deferment Repayment begins after the loan is fully disbursed 0.25% interest rate reduction for auto-debit payments
Sallie Mae Education Trust Lender Code: 802218 Phone: 888.272.5543	3.0% Origination Fee 1% Default Fee (with USAF) Parents can postpone repayment until six months after the beneficiary student leaves school or drops below half-time enrollment You may qualify for a 0.25 percentage point interest rate on your Sallie Mae Parent PLUS by automatic debit Visit www.SallieMae.com/ParentPLUSTerms to learn how to earn the borrower benefit and other important information
VSAC Lender Code: 830075 Phone: 800.798.8722	Must be a resident of Vermont to apply 3% Origination Fee 0% Default Fee Must apply and quality for deferment 0.25% Interest rate reduction for auto-debit payments
Wachovia Lender Code: 830005 Phone: 800.338.2243	3% Origination Fee 1% Default Fee Must request and qualify for deferment No collateral requirements or income limitations 0.25% Interest rate reduction for on-time auto-debit payments
Wells Fargo Lender Code: 807176 Phone: 800.378.5526	3% Origination Fee 1% Default Fee Must request and qualify for deferment