Welcome to the PLUS Loan page for Montreat College

Please read and follow all instructions.

The Financial Aid Office at Montreat has selected a diverse list of lenders that offer the highest level of service and other benefits for our students. We build our list each year based on a number of considerations which include: Ease of processing, borrower benefits, customer service to both the student and school and whether or not the lender sells its loans. Students have the right to choose any lender that participates in the federal student loan program and we are required to accommodate the student if he/she chooses a lender not on our list. However, we feel that a preferred list is a helpful tool for students because the Financial Aid Office has investigated and determined that the listed lenders strive for excellence and will service our students with excellence during all stages of the student loan process. These lenders will also enable us to live out our promise and mission statement of being "Christ-Centered, Student-Focused, and Service-Driven" as they are all highly professional and are trusted to serve our students well.

If you would prefer to use a lender who is not on our lender list, please contact the financial aid office.

Citibank 826878
  • Receive a 0.25% interest rate reduction when you enroll in our auto-debit payment program1
  • A Federal Default Fee as low as 0.00% depending on the guarantor of the loan
  • Deferment option- Defer payments while your child is in school
  • Interest only option- Interest only payments for either 24 or 48 months
1Federal Loans are originated and held by Citibank, N.A. as trustee for The Student Loan Corporation. Specific terms and conditions apply to these offers. Visit studentloan.com or call 1-800-STUDENT for full details and disclosures.
Wachovia 830005

Effective for all loans disbursed on or after July, 1 2008:

  • 0.25% interest rate reduction for ACH
  • Instant credit decisions and credit review when applicable
  • No pre-payment penalties 
  • Parents can postpone repayment until six months after student leaves school 
    (student must be enrolled at least half time)

 

CFI 807037

Benefits on a PLUS Loan from CFI made on or after October 1, 2008 are:

  • No federal default fee
  • Interest rate reduction of .25% if you make monthly payments by automatic draft