Muhlenberg College
2400 Chew Street
Allentown PA 18104
484-664-3175
FAX: 484-664-3234 finaid@muhlenberg.edu
Muhlenberg College's PLUS Preferred Lender List
PLUS Loan borrowers often ask the Office of Financial Aid for help in selecting a reliable lender. In our experience, the level of service and repayment options you will receive vary greatly from lender to lender. Therefore, Muhlenberg College has developed a lender list with lenders who offer innovative disbursement and repayment options. While you can select any lender you wish , we strongly suggest that you use one of Muhlenberg Colleges Preferred Lenders. Outlined below are Muhlenberg College's Preferred Lenders and information regarding their programs and repayment benefits. If you have any questions, please contact the Office of Financial Aid at (484) 664-3175 or at finaid@muhlenberg.edu
Lender Name
Guarantee Fee
Origination Fee
Repayment Benefits
Fleet Bank
Lender Code 805314
Panama City, FL 32412
(800) 235-3385
None
3%
2% reduction in the interest rate if the loan payments are electronically deducted from the student's checking or savings account.
Citibank
Lender Code 826878
Sioux Falls, SD 57117 (800) 967-2400
None
3%
1% of the original loan is credited to the parent's account 90 days after the last disbursement.
.25% interest rate reduction if the payments are electronically deducted from parent's checking or savings account.
.25% interest rate reduction at repayment.
Chase Manhattan Bank
Lender Code 807807
Panama City, FL 32412
(800) 242-7339
None
3%
1% of the original loan is credited to the parent's account after 24 on time payments (Payback).
Additional 1% of the original loan is credited after the 48th on-time payment.
.25% interest rate reduction if payments are automatically deducted from parent's checking or savings account.
College Board
Education Loan
Lender Code 830310
Panama City, FL 32412
None
3%
1% of the original loan is credited to the parent's account after 24 on-time payments (Payback).
Additional 1% of the original loan is credited after the 48th on-time payments (Payback).
.25% interest rate reduction if payments are automatically deducted from parent's checking or savings account.
2400 Chew St. 