Supplemental Loan List
Grad PLUS Loans:
The federal Graduate PLUS loan is the recommended source for supplemental borrowing if additional aid is needed to meet your costs. To secure a Grad PLUS loan you must have a Free Application for Federal Student Aid (FAFSA) on file and meet eligibility criteria for receipt of federal aid.
WCL GRAD PLUS borrowers choosing the following lenders MUST apply through this link (Citibank borrowers see note below):
https://www.fastproducts.org/choice/wcl
Do not apply for Stafford OR PRIVATE loans at this site; accept your Stafford loans on the my.american.edu portal.
Note: An origination fee of up to 4% is charged on Grad PLUS loans. Please be aware that lender benefits are subject to change. The latest benefits for the lenders below can be found at the Fast Products website at any time.
NOTICE: USE THE LENDER LINKS BELOW TO COMPARE PRIVATE LOAN BENEFITS - DO NOT APPLY FOR GRAD PLUS LOANS THROUGH THESE SITES
| Access Group * | www.accessgroup.org |
| Bank of America | www.bankofamerica.com/studentbanking |
| Chase Education Finance | www.chaseselectloans.com |
| Key Education Resources * | www.key.com/wcl |
| Wachovia Education Finance * | http://studentloans.wachovia.com/privateloans |
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* Loans also available for less than half-time enrollment
You have the right to choose any lender who participates in eligible education lending programs. If you choose to borrow any loan with a lender not on this list please advise the financial aid office so that processing arrangements can be made with lender representatives.
Additional Information:
Grad PLUS may not meet the needs of all. If you cannot or choose not to borrow a Grad PLUS loan, consider alternative (private) law loan assistance through most of the above lenders. With recent changes affecting the loan industry - particularly for private loans - it is essential that you review lender sites to determine loan availability as well as the loan that best meets your needs.
International students with a qualified co-borrower may borrow from a variety of lenders that have programs for international students
- ADVISORY - Choose your lender carefully. Certification of eligibility is limited to one lender per loan period.
- APPLICATION DEADLINE - June 1 for incoming students; July 1 for continuing students. On time filing ensures priority processing and timely receipt of funds.
- FILING LATE - delays funds. Applications are certified in the order received as released for processing by the lender.
- IMPORTANT DISBURSEMENT NOTICE - Loan proceeds are posted directly to your student account. Refunds are issued by the Office of Student Accounts (OSA). A request must be submitted to initiate a refund. Email your request to studentaccounts@american.edu.
NOTE: Citibank borrowers who wish to continue with Citibank Grad PLUS: Please check “lender not listed” and then type in lender code 824756.
