FEDERAL STAFFORD LOAN
LENDER LIST FOR 2008 - 09

Olivet College has selected the following lenders based on the services and benefits they offer to our students.  Olivet College offers a choice of lenders so students and parents can select the money-saving borrower benefit programs that best meet their needs.

Charter One
Web site:  www.charterone.com
Phone:  800-721-3969
Lender Code:  808140

• Over 25 years of experience
• 1.00 % origination fee and 1.00% default (guarantee) fee for the 2008-2009 academic year
• 0.25% interest rate reduction for automatic payment deduction from any bank account
• Combined billing for multiple loans

SallieMae     
Web site:  www.salliemae.com
Phone:  888-272-5543
Lender Code:  802218 

• Over 35 years experience
• #1 in industry
• 1% origination fee and 1.00% federal default fee for the 2008-2009 academic year
• 0.25% percentage point interest rate reduction for making payments using auto debit
• Combined billing for multiple loans with some restrictions
• Upromise Loan (www.upromise.com) - earn rewards on your everyday purchases and designate money to pay your student loan

Wachovia     
Web site:  www.wachovia.com/education
Phone:  800-338-2243
Lender Code:  830005

• 25 years of experience
• 1.00% origination fee and federal default rate for the 2008-2009 academic year
• 0.25% percentage point interest rate reduction for making payments using auto debit
• Combined billing for multiple loans
• On-line phone pre-approval for PLUS loan applications
• 1.00% rebate of original loan amount after first 12 on-time payments
• PLUS Loan deferments for parents up to four years while student is in school

Wells Fargo 
Web site:  www.wellsfargo.com/student
Phone:  800-658-3567
Lender Code:  811978

• Over 40 years of experience
• 4th largest administrator of (FFEDL) in the United States
• 1.00 % origination fee and default for the 2008-2009 academic year
• High levels of satisfaction from customers
• Combined billing for multiple loans
• Credit decisions instantly via phone or on-line for PLUS loan applications

You may borrow from any FFELP lender of your choice.  The lender you select does not have to be one of the lenders listed above.  Please contact the Student Administrative Services Center if selecting a lender not listed. 

Additional information can also be found at the links below:

Loan Entrance Counseling
Loan Exit Counseling

For more information or to request an estimate of what your costs
to attend Olivet College might be, please contact the admissions office at:
admissions@olivetcollege.edu.

Or write to:
Olivet College Admissions
320 S. Main St.
Olivet , MI 49076