Coastal Carolina University Participating PLUS Lender List

The following is a list of established lenders who we have placed on our Participating Lender list at Coastal Carolina University because their services are exemplary and are designed to benefit you. The lender is the institution from which the money is actually borrowed, but the interest rates and terms of the loan are set by the U.S. Department of Education. Some lenders offer special incentives that reduce your loan balance or lower your interest rates. You may want to visit their web sites for more information.

Lender Information	Loan Servicer	Special Benefits/Incentives	How To Apply
South Carolina Student Loan Corporation Lender Code: 833128 www.scstudentloan.org 800-347-2752	SCSLC	0.25% interest rate reduction for auto debit 3.00% credit and no interest for first year 2.00% interest rate reduction for 48 consecutive on-time payments  Online Plus Pre-approvals	Click on link to complete a PLUS pre-screen at www.slc.sc.edu
AMS/ Sallie Mae (Academic Management Services) Lender Code: 833067 www.opennet.salliemae.com 888-272-5543	Sallie Mae	Eligible for "The Great Sallie Mae Giveaway" - monthly drawing for $25,000 when you sign up for Manage Your Loans 1% account credit after making the first 6 monthly payments by the initially scheduled due date PLUS 2% account credit "graduation bonus" after 48 payments by the initially scheduled due date Sign up on Manage Your Loans prior to repayment to receive account information online A variety of repayment options, including postponing monthly payments through forbearance for up to 60 months while child is in school	To complete an online application visit www.opennet.salliemae.com
Citibank Lender Code: 826878 www.studentloan.com 800-967-2400	Citibank	01.25% interest rate reduction when borrower enters repayment 0.50% interest rate savings and convenience with Citibank E-Z Pay In-school forbearance option allows you to choose to defer principal and interest payments for up to 48 months while your child is in school Online Services including the ability to access your account, and pay online at www.studentloan.com	To complete an online application visit www.studentloan.com
Educaid/Wachovia Lender Code: 830005 www.educaid.com 877-888-9496	Educaid	1.00% immediate reduction when repayment starts w/auto debit Extra 1.00% reduction after 12 on-time payments w/auto debit Additional 1.5% reduction after 24 total on-time payments w/auto debit) Online or phone Plus pre-approvals Dedicated Plus credit counselors to assist parents in becoming credit-approved.	To complete an online application visit www.educaid.com

· Brochures containing additional information on lenders are available in the Financial Aid Office.

· Check with the lender for details and conditions regarding eligibility for Special Benefits or Incentives.

· If you default on your loan and it is purchased by the guarantor, any interest rate reductions will no longer be applicable.

You have the right to select any lender that participates in the Federal Family Education Loan Program. Some lenders may not be on our participating lender list simply because they do very few loans for our students and we have insufficient information on which to adequately evaluate their performance.

Interest rates referred to herein may vary. Please contact the college or university directly for updated information
or visit the websites referred to above for additional rate and disclosure information, including Annual Percentage Rates (APR) examples.

This website was last updated on 5/10/2005.