CONCORDIA UNIVERSITY-ANN ARBOR

We recommend these lenders based on the quality of products and services they provide to students and families. We have carefully considered our selections in order to provide you with the best possible list of suggested lenders. However, if you wish to use another lender that is not on this list, you have the right to do so. You can find alternative lenders by clicking the “Search For Other Lenders” link below or searching on your own.
 

PLUS Lender Comparison Chart

Choose your lender from the recommended list below by clicking on the Apply Now link.
This link will take you to Great Lakes' website, where you will:
  • Log on.
  • Complete PLUS Credit Pre-Approval.
  • Complete Master Promissory Note including Dollar Loan Request.

Make sure to complete ALL steps.

All PLUS Loans are serviced by Great Lakes Educational Loan Services, Inc. Payment forbearance is available by contacting Great Lakes at 800-236-4300.

*Interest rate reductions will remain in effect as long as the account remains current. 

All Plus Loans have a 3.00% originiation fee deducted from each disbursement

All Parent PLUS Loans have a 1% Federal Default Fee deducted from each disbursement
Compare Lenders Lender Information Borrower Benefits & Customer Service Apply Now

Benefits

  • 0.25% interest rate reduction with auto-debit payment
  • Credit counselors available to assist with any credit issues

Services

  • Interest rate 8.50%
  • Origination Fee 3.00%
  

Benefits

  • Borrowers receive a 5% principal reduction in repayment (1% each year for the first 5 years of the loan.) This benefit does not run off if borrowers are late on payments.
  • Loans can be deferred up to 48 months while student is enrolled at least half time

Services

  • Interest rate 8.50%
  • Origination Fee 3.00%
  

Benefits

  • 0.25% automatic interest rate reduction at repayment

Services

  • Interest Rate 8.50%.
  • Origination Fee 3.00%
  

Stafford Lender Comparison Chart

Choose your lender from the recommended list below by clicking on the Apply Now link.
This link will take you to Great Lakes' website, where you will:
  • Log on.
  • Complete Stafford Entrance Counseling.
  • Complete Master Promissory Note including Dollar Loan Request.

Make sure to complete ALL steps. 

*Interest rate reductions will remain in effect as long as the account remains current.
 
Special Note to Continuing Borrowers: Our office recommends that you borrow from your previous lender.  If you would like to choose a different lender from the list below, you will be required to complete a new MPN.

All Stafford Loans have a 1% Federal Default Fee deducted from each disbursement
Compare Lenders Lender Information Borrower Benefits & Customer Service Apply Now

Benefits

  • 0.25% automatic interest rate reduction at repayment

Services

  • Origination Fee 1.50% for 2007-2008 academic year.
  • Origination Fee 1% for 2008-2009 academic year
 

Benefits

  • 0.25% interest rate reduction with auto-debit payment

Services

  • Origination Fee 1%
  • Free student checking with online bill pay
  

Benefits

  • Borrowers pay ZERO Origination Fee
  • .30% interest rate reduction for students enrolled in ACH
  • .30% interest rate reduction in ACH after 24 on time payments
  
Additional Resources
 

ELMSelect is hosted and maintained by ELM Resources to provide student and parent borrowers with information supporting their ability to choose the educational lender of their choice.

Information on this site regarding educational loans has been provided exclusively through institutions of higher education (“schools”) that have elected to post their preferred lender lists on this site. ELM Resources is not involved in any way with the endorsement of lenders or specific loan products of educational institutions and does not receive compensation as a result of a lender being placed on a preferred lender list or a school using ELMSelect as a means of providing loan information to students.

ELM Resources is not responsible for the accuracy of the information available through ELMSelect. Students and parents are encouraged to contact lenders to confirm the accuracy of the loan terms posted on the site. Students and parents are also reminded of the right of borrowers seeking loans through the Federal Family Education Loan Program to choose their lender and that the choice of a lender is not in any way limited to the lenders on a school’s preferred lender list. Additionally, if a borrower chooses another lender, they will suffer no penalty for selecting their lender of choice.

ELM Resources notes that additional information on student loans is available from the U.S. Department of Education on a variety of sites including www.studentaid.ed.gov and www.mymoney.gov. Useful information on financial literacy may be found at http://www.mymoney.gov/, a website maintained by the U.S. Financial Literacy and Education Commission. For New York schools, additional information can be found at http://www.oag.state.ny.us/family/student_lending/information.html.

ELM Resources welcomes comments on ELMSelect. Comments may be sent to: info@elmresources.com.