Graduate and professional students who qualify for federal financial aid and are creditworthy borrowers will be eligible to borrow through the PLUS loan program. Students are required to complete the FAFSA application and the Graduate Entrance Counseling. The maximum amount you may borrow on a GradPLUS loan each academic year per student is the cost of attendance minus other financial aid received. In addition, students must have exhausted their annual Stafford Loan eligibilty.
Marist College is pleased to provide you with a list of lenders for your borrowing needs. These lenders are chosen based on the excellent terms and borrower benefits offered to students and families. In addition, their customer service meets the college's expectations and is reviewed on an annual basis. The borrow benefits of these lenders are competitive, providing students with fee waivers, interest rate reductions or other repayment benefits. These lenders also disburse funds electronically to our school, allowing the funds to be posted directly to your account and eliminating the need to sign a check.
| Lender Information | Default Fee* | Origination Fee* | Benefits | Guarantor | Select |
|---|---|---|---|---|---|
Ed America (831453)Loans serviced by EdFinancial (800)337-1009 |
0% | 3% | .25% interest rate reduction for automatic debit with continuous on time payments | TG | |
CitiBank (826878)Loans serviced by CitiBank (800)967-2400 |
1% | 3% | .25% interest rate reduction for automatic debit payment program and the borrower agrees to receive electronic statements only | USAFunds | |
Citizens Bank (810240)Loans sold to and serviced by Sallie Mae (888)272-5543 |
1% | 3% | .25% interest rate reduction for automatic debit | USAFunds | |
Sallie Mae Education Trust (802218)Loans serviced by Sallie Mae (888)272-5543 |
1% | 3% | .25% interest rate reduction for automatic debit | USAFunds |
* Fee's assessed on loans disbursed after July 1, 2008
Please Note: You have the option of choosing your own lender. This decision requires you to obtain a loan application from the lender or print and
complete the Master Promissory Note
. Please
provide the lender name, code and mailing address for approval and/or guarantee. Refer to the lender/servicer selected regarding their benefits.
Please mail the completed application to our office at:
Marist College
Student Financial Services
3399 North Rd
Poughkeepsie NY 12601
If you have any concerns or questions in choosing your own lender or with the Grad Plus loan process, please contact our office or send an e-mail to: StudentFinancialServices@marist.edu
If, at any time, you are not satisfied with the service you receive, please contact our office.
To expedite the loan process, complete and electronically sign your Master Promissory Note (MPN) by clicking the "Apply Now" button and following the instructions provided.
The Department of Education sets interest rates for Federal GradPLUS loans effective July 1st of each year. Effective 7/1/07 all new Federal GradPLUS loans will be a fixed rate of 8.5 percent.
A 3% origination fee will be deducted from loan proceeds prior to disbursement.
Due to updates in Federal Regulations, fees and benefits are subject to change. Please contact the lender directly for
additional information.
