Muhlenberg College
2400 Chew Street
Allentown PA 18104
484-664-3175
FAX: 484-664-3234 finaid@muhlenberg.edu
Muhlenberg College's Preferred Lender List
New Stafford 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 College's 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
Chase Manhattan Bank
Lender Code 807807
Panama City, FL 32412
(800) 242-7339
NONE
3%**
**2% of the origination fee is credited to the student's account (ie., There is a 2% principal reduction in the student's loan 90 days after the final disbursement).
(Payback Program)
3.3% cash or credit back after making your first 33 scheduled payments on time.
(Cashback Program)
Citibank
Lender Code 826878
Sioux Falls, SD 57117 (800) 967-2400
NONE
3%*
*2% of the origination fee is credited to the student's account (ex. There is a 2% principal reduction in the student's loan 90 days after the final disbursement).
.25% reduction in the interest if the payments are electronically deducted from the student's checking or savings account.
2% reduction in the interest rate after 48 on-time loan payments.
College Credit
Lender Code 830310
Panama City, FL 32412
NONE
3%***
***1% of the origination fee is credited to the student's account (ie., there is a 1% principal reduction in the student's loan) at the end of the academic year.
**2% of the origination fee is credited to the student's account (ie., There is a 2% principal reduction in the student's loan 90 days after the final disbursement.)
(Payback Program)
3.3% cash or credit back after making your first 33 scheduled payments on time.
(Cashback Program)
Fleet Bank
Lender Code 805314
Panama City, FL 32412
(800) 235-3385
NONE
3%
.25% reduction in the interest rate if the loan payments are electronically deducted from the student's checking or savings account.
2% reduction in the interest rate after 48 on-time loan payments.
2400 Chew St. 