Lender List: Federal Graduate PLUS Loans
The Eastern Virginia Medical School
(EVMS) lender list below is intended as a resource only and it is
not a complete listing of student loan lenders. Students may select
any lender that offers student loans.
Lenders on the list have been selected
based on demonstrated performance in the following areas: good customer
service records, secure online technology, financially strong and
reputable company, transparent information regarding rates, service and
sale of loan policies, and EVMS student feedback. The lender list is
reviewed no less than annually by an EVMS Financial Aid Office
Committee.
EVMS believes that ethical and
transparent financial aid practices are essential to avoid compromising
the interest of student borrowers. As such, EVMS has adopted a
Financial Aid Code of Conduct.
Please visit the lender’s Web site or
contact the Office of Financial Aid at 757-446-5804 if you have
questions about the benefits.
Lender
Information |
Borrower
Benefits |
|
AAMC MEDLOANS,
Lender Code: 522583
www.aamc.org
|
• Zero Default Fee*
• 0.60 percentage point awarded at 1st disbursement and retained for the lifetime of the loan*
• 0.75 percentage point at repayment (active periods of repayment and as long as the borrower remains current)*
• 0.50 percentage point for ACH payment (auto-debit)**Learn how to earn these benefits |
 |
ACCESS Group
Lender Code: 808851
www.accessgroup.org
|
• No annual or aggregate limits—borrow what you need.
• Fixed interest rate.
• Defer payments while in school.
• Additional six-month forbearance available to match the Stafford Loan grace period. |
|
MEDPreferred
Lender code: 834058
www.medpreferred.com
|
• 0.60% interest rate reduction at first disbursement (reduction continues after the student graduates and enrolls in automatic payments.)
• 1% cash rebate of the principal balance outstanding after graduating from a graduate program.
• 3% credit of the principal balance outstanding after making 24 consecutive, scheduled payments on time.
• These savings are in addition to our unique one–on–one service, which is available from experienced lending specialists 24/7. |
|
Southwest Student Services
http://www.sssc.com/
Health Professions programs |
|
|
SunTrust Education
http://www.suntrusteducation.com/
Health Professions programs |
• 1.5% principal reduction after
making the first 12 on-time payments.
• 0.25% interest rate reduction for payments made by auto-debit.
• Deferred payment option while in school. |
|
Total Higher Education – T.H.E.
Lender code: 876529
www.theloanprogram.org
|
• 3% origination fee will be credited to your account upon entering active repayment status.
• 0% guarantee fee.
• 0.25% monthly credit that begins immediately following the 1st disbursement and continues until active repayment begins.
• During repayment, an immediate monthly credit currently equal to 1.3% annual savings.
• Once you begin repayment, fixed 8.5% interest rate for the life of your loan. |
|
If you would prefer to use a different lender, please email the
Financial Aid Office.
*Additional qualification requirements apply for each benefit listed above. Visit each lender’s web site to learn how to earn their benefits.
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