Financial Aid

Student Loan Benefits and Fees

Many lenders offer reduced fees and repayment benefits to students and families.  To ensure our students receive the best options in terms of fees and repayment benefits, Baker College evaluates various lenders' programs and makes recommendations based on our analysis.  The lenders listed below are recommended to students based on their proven reputation for providing exceptional service, low fees and quality repayment benefits.

Fees:

The following fees will be deducted by the loan servicer from each loan disbursement:

	Charter One	Fifth Third Bank	Sallie Mae Education Trust
Stafford Origination/Default Fees	1.5%	1.5%	1.5%
PLUS Origination/Default Fees	4.0%	4.0%	4.0%

Repayment Benefits:

	Charter One	Fifth Third Bank	Sallie Mae Education Trust
Stafford Loans	.25% interest rate reduction for auto debit	.25% interest rate reduction for auto debit	.25% interest rate reduction for auto debit
PLUS Loans	.25% interest rate reduction for auto debit	.25% interest rate reduction for auto debit	.25% interest rate reduction for auto debit