PLA Table

Private Loan Comparison (PLA) Matrix

Quick comparison of lender policy features

 
LENDERMulti-Year ApprovalUnlimited Aggregate LimitsPre-Approval (Soft Credit)SAP RequiredLess Than Half-TimeCo-Signer ReleaseAdditional Penn Benefits
CITIZENSYesYesNoNoNoYes
COLLEGE AVENoUp to 500kYesYesYesYES (after 50% of loan period repayment)
  • 1% off total balance at repayment
  • 9-month grace period (except Undergraduate)
  • Loans available for 12-month prior balances
MPOWERNoNoNoYesNoNo
PHEAANoYesNoNoYesYes
SOFIYesYesYesNoYesYes
  • 1% off total balance at repayment
  • 9-month grace period
  • Loans available for 18-month prior balances
testYes