Welcome to the PLUS Loan page for Ferrum College.

Choosing a PLUS Loan Lender is an important part of the financial aid process. Borrowers often ask our counselors for help in selecting a reliable lender. We encourage all borrowers to research lenders by visiting their websites and contacting them directly for more information regarding their products and services.

Below is a listing of PLUS Loan Lenders who are leaders in the education loan industry. Parents are not required to use any of the lenders below. Ferrum College will process a PLUS Loan through any lender selected by the parent. A comprehensive list of lenders with Virginia's Designated Guarantee Agency Educational Credit Management Corporation (ECMC) is available online at www.ecmc.org/student/participating_lenders.html

All PLUS (parent) Loan borrowers will need to complete a PLUS Loan Master Promissory Note, as well as a Ferrum College PLUS Loan Request Form or PLUS PreApproval.

No loans will be processed until all financial aid information is completed and finalized.

When you have decided on a lender, click on the lender’s name to proceed to the next step. If your lender is not listed, you should print a blank PLUS Loan Master Promissory Note online at https://www.ecmc.org/esign/images/plusmpn.pdf and mail to the Financial Aid Office along with your Ferrum College PLUS Loan Request Form.

The information below is provided by the lender.  Ferrum College assumes no liability for inaccurate information or change in benefits.  Please contact the lender for more information regarding their products and services.

Sallie Mae	802218	Effective for loans guaranteed on or after June 9, 2008 0.25% Interest Rate Reduction for automatic debit
SunTrust	819873	Effective for loans disbursed on or after June 9, 2008: 0.25% interest rate reduction for borrowers who sign up for ACH. Easy online application process and e-signature option Fixed Interest Rate – 8.25% Option to defer payments while in-school 24/7 Online account access No pre-payment penalties Flexible repayment options Note: SunTrust does sell their loans to other parties. Please contact the lender directly for more information.
PNC	809402	.25% interest rate reduction for auto debit from ANY bank account Delayed repayment available for up to 4 years Endorsers accepted Second look credit review is available