Florida Institute of Technology

The following is a list of established lenders who we have placed on our Lender list because they offer excellent customer service and they are familiar with FIT's loan processing procedures. Although the interest rate for federal loans is set by the Department of Education, some lenders offer special incentives that lower your interest rate or reduce your loan balance. These lenders are listed because they utilize our electronic processing procedures to speed the delivery of loan proceeds and some offer borrower benefits. Please check with the lender for details and conditions regarding eligibility for special benefits or incentives. You are encouraged, but not required, to use one of these lenders. If you wish to use another lender not listed here please contact the Financial Aid Office at 1-800-666-4348 or finaid.loans@fit.edu so we may assist you. Florida Institute of Technology does not receive any remuneration for your participation with any of these lenders.

Federal Graduate PLUS Loan

LENDER INFORMATION

BORROWER BENEFITS

 


Regions Bank®
Lender Code: 810612
(800) REGIONS


Apply now



  • 0% default fee*
  • 0.70 percentage point interest rate reduction for automatic debit*
  • 1% loan credit after first 12 on–time payments*

*Learn how to earn these benefits.



Fifth Third Bank
Lender Code: 808780
(800) 222-7192


Apply now



  • 0% default fee*
  • 0.70 percentage point interest rate reduction for automatic debit*
  • 1% loan credit after first 12 on–time payments*

*Learn how to earn these benefits.



Sallie Mae Education Trust®
Lender code: 802218
(888) 272-5543


Apply now



  • 0% default fee*
  • 0.70 percentage point interest rate reduction for automatic debit*
  • 1% loan credit after first 12 on–time payments*

*Learn how to earn these benefits.



Edamerica
Lender Code:831453
(800) 337-1009


Apply now


  • 0% default fee
  • 1.50% interest rate reduction at disbursement with continuous on-time payments
  • .50% Quick Pay interest rate reduction
  • Benefit repair option after 24 months of on-time payments
New benefits are effective for loans first disbursed on or after January 1, 2007.



*Additional qualification requirements apply for each benefit listed above. Visit each lender’s web site to learn how to earn their benefits.

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