Welcome, Park University Students and Parents!

What you need to know about Student Stafford Loans

Commerce Bank will help you save money both right now and later when you enter into repayment on your Stafford Loans.

Zero Default Fee: With a student loan from Commerce Bank, you pay no Default Fee! This is a 1% fee that is usually deducted from your loan funds. So you get to keep more money when you take out your student loan through Commerce Bank.*
0.25% interest rate reduction when you select auto debit of your monthly student loan payments.**
1.0% Origination Fee for the 2008-2009 school year. Commerce Bank charges a federally-mandated 1% Origination Fee that is taken out of your Stafford loan balance at disbursement.
Commerce Bank originates and disburses its own loans. This means that you and the Financial Aid Office work directly with Commerce for your loan funds, not a third party .
Flexible repayment terms and no penalties for prepayment.
Click button above for Commerce Bank’s easy, on-line E-sign process that requires NO PIN.

Commerce Bank will help parent and graduate borrowers save money both up front and when you enter into repayment on your PLUS Loan.

Zero Default Fee: With a student loan from Commerce Bank, you pay no Default Fee! This is a 1% fee that is usually deducted from your loan funds. So you get to keep more money when you take out your student loan through Commerce Bank.*
0.25% interest rate reduction when you select auto debit of your monthly student loan payments.**
3% Origination Fee: Commerce Bank charges a federally-mandated 3.0% origination fee that is taken out of your PLUS loan balance at disbursement.
Parent PLUS and Graduate PLUS borrowers: Click the button above to access Commerce Bank’s easy, online E-Signature process for signing your Master Promissory Note. No PIN is required!
Deferment and forbearance options are available so that PLUS borrowers don’t have to make payments until after your child has graduated from college. No penalties for prepayment and take up to 10 years to repay.
Graduate PLUS borrowers must first have applied for the maximum loan amounts under the Stafford Loan program. Borrowers must also complete the FAFSA each year that they plan to apply for the Graduate PLUS Loan and they must undergo a credit check.

Call our Customer Service Department if you have any questions.
Toll-free: 800-666-3910

Zero Default Fee applies to all FFELP Loans where Commerce Bank's guarantor partner agrees to pay the 1% Default Fee on behalf of borrowers. This zero Default Fee program can be changed or discontinued without notice. Any termination or modification of the program will not affect the terms of loans previously made.
Commerce Bank reserves the right to modify or terminate these repayment benefits at any time without notice. Benefits may be cancelled due to termination of auto-debit or delinquent accounts.