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Alternative Loans

The SIU School of Dental Medicine has a list of commonly used lenders for you to consider. These lenders were chosen for their good service to our students and their great repayment benefits. We will, however, process any loan application from any lender the student chooses; students and parents are ALWAYS allowed to choose their own lender.

To apply, please select ONE lender from the list below:


Alternative Loan Lender List


DENTAL ALTERNATIVE LOANS:

Terms / Condition

Sallie Mae Logo

Sallie Mae Smart Option Student Loan®

Interest Rate:
Variable 3.25% APR to 6.75% APR

Fixed 6.74% APR to 9.49% APR

 Variable 3.18% APR to 7.79% APR

Fixed 6.21% APR to 9.10% APR

 Variable 2.25% APR to 7.27% APR

Fixed 5.74% APR to 8.56% APR

Annual Max:
Cost of education less aid
Cost of education less aid

Cost of education less aid

Aggregate Max:
$180,000
$250,000

$200,000

Enrollment:
Full-time
Full-time, half-time, or less than half-time

Full-time, half-time, or less than half-time

Can also be used for qualified prior term balances at the school.

Origination Fee:
Zero
Zero

Zero

Repayment Begins:
9 months after graduation / separation

6 months after graduation / separation

6 months after graduation / separation
- or -
make payments while in school to save even more.

Fees at Repayment:
None
None

None

Repayment Period:
20 years
20 years

5 - 15 years

Interest Capitalization:
At repayment
At repayment

At repayment

Co-signer Required:
Not required; however, may strongly improve loan terms
Most students will require a co-signer
Not required; however, may strongly improve loan terms
Link to Disclosure Statement: Link to Disclosure Statement Link to Disclosure Statement Link to Disclosure Statement

Apply Online

Students and parents are ALWAYS allowed to choose their own lender.