<p>I'm interested to hear what current students or parents think of Edamerica for their PLUS loan. They are touted by PSU as their preferred lender but I was wondering how their terms compare with others. Anyone else more competitive that you've found?</p>
<p>Tara -</p>
<p>You might want to post this in the Financial Aid forum. Some of the lenders give discounts for electronic payments, but all of us PLUS parents are stuck with the 6.something% for the 05-06 year.</p>
<p>Do you have someone in the class of 2009 coming from California?</p>
<p>Dudedad--I didn't know if people on the FA board would be as familiar with them as the people here on the PSU board, but I will try there too. I'm presently searching through various lenders' terms and trying to compare them and getting a major headache. </p>
<p>Are you saying there is basically little difference in lenders because we all pay the same rate? Because it seems that there's some variance out there. For example Citibank bases their PLUS on the prime rate, but no origination fee. Yes my D will be coming out from CA in the fall. BTW, neither of us is named Tara but don't blame anyone for assuming that :)</p>