The following is our Recommended Lender List for Federal Grad PLUS loans.  This list has been established by our institution through a rigorous examination of a combination of the stability and longevity of each of the lenders and their customer service. For more information, you can access each lender's website by clicking the “Apply Now” buttons.

You may apply with a lender for your loan(s) that is not listed here.

These loan terms and conditions are subject to change and are not guaranteed by the OUHSC Financial Aid Office or by the individual lenders. Should you have questions, please contact the lender for more information regarding benefits and services.

 
     
     
Lender Information
Borrower Benefits
Services
     

Access Group-808851

    • 3% origination fee—Paid by borrower
    • 1% federal default fee—Paid by borrower
    • 0.25% interest rate reduction by authorizing auto-debit payments
    • Grad PLUS borrowers are automatically granted a six-month deferment after graduation to align repayment with their Stafford loans
    • 2nd look credit appeals process
    • Combined billing with other Access Group loans*
 
    • Guarantor of the loans—American Student Assistance (ASA)
    • Servicer of the loans—Access Group**
    • Customer service information

Arvest Bank-809094

    • 3% origination fee—Paid by borrower
    • 1% federal default fee—0.5% paid by Oklahoma Guaranteed Student Loan Program (OGSLP) and 0.5% paid by borrower
    • OSLA EZPay TM – A .25% loan interest rate reduction when borrowers make their loan payments by automatic withdrawals
    • Combined billing with other OSLA serviced loans*
 
    • Guarantor of the loans— Oklahoma Guaranteed Student Loan Program (OGSLP)
    • Servicer of the loans—Oklahoma Student Loan Authority (OSLA) upon full disbursement of loan**
    • 2nd look credit appeals process
    • Customer service information

BancFirst-809070

    • 3% origination fee—Paid by borrower
    • 1% federal default fee—0.5% paid by Oklahoma Guaranteed Student Loan Program (OGSLP) and 0.5% paid by borrower
    • OSLA EZPay TM – A .25% loan interest rate reduction when borrowers make their loan payments by automatic withdrawals
    • Combined billing with other OSLA serviced loans*
 
    • Guarantor of the loans— Oklahoma Guaranteed Student Loan Program (OGSLP)
    • Servicer of the loans—Oklahoma Student Loan Authority (OSLA) upon full disbursement of loan**
    • 2nd look credit appeals process
    • Customer service information
Chase-803000
    • 3% origination fee—Paid by borrower
    • 1% federal default fee—Paid by borrower
    • Receive a 0.25% interest rate reduction at repayment for signing up for auto-debit payments
    • Combined billing with other Chase serviced loans*
  
    • Guarantor of the loans—American Student Assistance (ASA)
    • Servicer of the loans—Chase**
    • Customer service information

Citibank-826878

    • 3% origination fee—Paid by borrower
    • 1% federal default fee—Paid by borrower
    • 0.25% interest rate reduction - for borrowers who have their loan payments automatically withdrawn through Citibank's auto-debit payment program and agree to receive electronic statements only
    • Combined billing with other Citibank serviced loans*
  
    • Guarantor of the loans—American Student Assistance (ASA)
    • Servicer of the loans—Citibank**
    • 2nd look credit appeals process

Commerce Bank-813979
    • 3% origination fee—Paid by borrower
    • 1% federal default fee—.5% paid by by borrower and .5% paid by Oklahoma Guaranteed Student Loan Program (OGSLP)
    • 0.25% interest rate reduction when monthly payments are made by auto-debit
 
    • Guarantor of the loans— Oklahoma Guaranteed Student Loan Program (OGSLP)
    • Servicer of the loans—Sallie Mae**
    • 2nd look credit appeals process
    • Customer service information

Discover Student Loans-831312
    • 3% origination fee—Paid by borrower
    • 1% federal default fee—Paid by Borrower
    • 0.25% immediate interest rate reduction so loan accrues interest at 8.25% upon disbursement
    • 0.25% interest rate reduction when monthly payments are made by auto-debit
    • Combined billing with other Discover serviced loans*
 
    • Guarantor of the loans— Great Lakes
    • Servicer of the loans— Great Lakes **
    • 2 nd look credit appeals process
    • Customer service information

Nellie Mae, A Sallie Mae Company-829076
    • 3% origination fee—Paid by borrower
    • 1% federal default fee—.5% paid by borrower and .5% paid by Oklahoma Guaranteed Student Loan Program (OGSLP)
    • .25% interest rate reduction with Direct Repay (auto debit)
    • Combined billing for Sallie Mae-serviced Stafford and private loans. Certain restrictions apply.*
  
    • Guarantor of the loans— Oklahoma Guaranteed Student Loan Program (OGSLP)
    • Servicer of the loans—Sallie Mae**
    • 2nd look credit appeals process
    • Upromise reward service
      • Customer service information
      • www.ManageYourLoans.com
      • (888) 2-SALLIE
      • 8AM to 8PM CT, Monday through Thursday and 8AM to 7PM CT, Friday or 24/7 Interactive Voice Response

Nelnet Health Education Solutions-833874
    • 3% origination fee—Paid by borrower
    • 1% federal default fee—.5 % paid by borrower and 0.5% paid by Oklahoma Guaranteed Student Loan Program (OGSLP)
    • .25% interest rate reduction for auto-debit payments
    • Combined billing for Nelnet serviced Stafford loans*
 
    • Guarantor of the loans— Oklahoma Guaranteed Student Loan Program (OGSLP)
    • Servicer of the loans—Nelnet**
    • 2nd look credit appeals process
    • Customer service information
      • www.nelnet.com
      • (877) 804-3603 or 24/7 Interactive Voice Response
      • Monday through Friday 7AM to 7PM CT

Sallie Mae Education Trust-802218

    • 3% origination fee—Paid by borrower
    • 1% federal default fee—.5% paid by borrower and .5% paid by Oklahoma Guaranteed Student Loan Program (OGSLP)
    • .25% interest rate reduction with Direct Repay (auto debit)
    • Combined billing for Sallie Mae-serviced Stafford and private loans. Certain restrictions apply*
  
    • Guarantor of the loans— Oklahoma Guaranteed Student Loan Program (OGSLP)
    • Servicer of the loans—Sallie Mae**
    • Upromise reward service
    • 2nd look credit appeals process
    • Customer service information
      • www.ManageYourLoans.com
      • (888) 2-SALLIE
      • 8AM to 8PM CT, Monday through Thursday and 8AM to 7PM CT, Friday or 24/7 Interactive Voice Response

Stillwater National Bank-809081

    • 3% origination fee—Paid by borrower
    • 1% federal default fee—.5% paid by borrower and .5% paid by Oklahoma Guaranteed Student Loan Program (OGSLP)
    • .25% interest rate reduction for auto debit payments
    • Combined billing for Sallie Mae-serviced Stafford and private loans. Certain restrictions apply*
  
    • Guarantor of the loans— Oklahoma Guaranteed Student Loan Program (OGSLP)
    • Servicer of the loans—Sallie Mae**
    • Upromise reward service
    • 2nd look credit appeals process
    • Customer service information
      • www.banksnb.com/studentloans ; all loan information available by clicking on the Manage Your Loans icon, 24/7
      • www.salliemae.com
      • (888) 2-SALLIE
      • 8AM to 8PM CT, Monday through Thursday and 8AM to 7PM ET, Friday or 24/7 Interactive Voice Response (for Sallie Mae representatives)
      • (800) 678-4723
      • Monday thru Friday, 8AM to 5PM CT (for Stillwater National Bank representatives)

Wachovia-830005

    • 3% origination fee—Paid by borrower
    • 1% federal default fee—Paid by borrower
    • 2nd look credit appeals process
 
    • Guarantor of the loans—American Student Assistance (ASA)
    • Servicer of the loans—Sold to ACS upon entering repayment**

Wells Fargo-807176

    • 3% origination fee—Paid by borrower
    • 1% federal default fee—Paid by borrower
    • Credit appeals process and endorser option available
 
    • Guarantor of the loans—American Student Assistance (ASA)
    • Servicer of the loans—Wells Fargo**
    • Customer service information

*As a result of the unprecedented disruptions in the credit markets and the steps taken by Congress and the Department of Education to provide financing solutions to lenders to enable them to continue in the federal student loan program, the Ensuring Continued Access to Student Loans Act (ECASLA) was passed. This allows lenders to sell 2008-2009 and 2009-2010 federal loans to the Department of Education if they choose to. Those loans may then be transferred to a loan servicer of the Department's choosing. When making your lender choice, please be aware that loans with your chosen lender may not be serviced by that lender or loan servicer for the life of the loan. However, if loans are sold or transferred, your lender is required, by federal disclosure laws, to notify you of this sale or transfer.

**If any of your 2008-2009 or 2009-2010 loans are transferred to a new loan servicer, this may result in what is referred to as split servicing. If this occurs, please be aware that you will need to be responsible for maintaining deferment or forbearance paperwork and/or your repayment status with each of the loan servicers who hold your loan(s).