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Financial Aid
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Alternative Loans (Undergraduate/Graduate):

SIUE 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 lender.

  • Due to recent legislative changes, beginning February 14, 2010 students applying for a private educational loan will be required to complete the Private Education Loan Applicant Self Certification Form, available through your lender or download the form here. This form must be completed and returned to your lender before any disbursements will be released on your loan.  Information  regarding the total cost of attendance can be found by logging onto cougar net. You will need this information to complete the form.

  

To apply with one of our commonly used lenders, please select ONE lender from the list below.
Remember: students and parents are always allowed to choose their own lender.

NOTE: Minimum loan amount is $1,000 and maximum loan amount is the cost of attendance less other financial aid received.  
Lender

Interest Rate

Fees

Repayment
Begins

Enrollment
Requirements

Disclosure
Statement

Apply


TruFit Loan
  

  

NOW AVAILABLE!
Fixed Rate Option
with rates between 6.75% to 12.75%

Variable interest rate as low as one-month plus LIBOR +3.0%

Zero

6 months after graduation/separation

Full-time or
Half-Time

Statement

Apply Now


Smart Option Loan

LIBOR +2.00%
to +9.88%

Zero

In school with flexible repayment options – choose affordable fixed payments of $25 a month or make full interest payments to save even more over the life of the loan.

Full-time
Half-time
Less than half-time

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

Statement

Apply Now



CitiAssist Loan

Undergrad
LIBOR +2.75%
to +9.00%

Graduate
LIBOR
+3.25%
to +7.25%

Zero

No payments while in school or during grace period.

Full-time or
Half-Time

Statement

Apply Now



Collegiate Loan

Index +.25%
to
Index +5.99%

Zero

6 months
after graduation

Full-time
Half-Time or
Less than half-time

Statement

Apply Now



Smart Option Student Loan®

LIBOR +2.0%
to +9.875%

Zero

No payments until 6 months after graduation or
$25/month fixed payment or
interest only payment during the school and 6 month grace period.

Full-time
Half-Time or
Less than half-time

Statement

Apply Now


LIBOR +2.00%
to +9.88%

Zero

Choose from three repayment options -
deferred payments until 6 months after graduation, affordable fixed payments of $25 a month or make full interest payments to save even more over the life of the loan.

Full-time
Half-time
Less than half-time

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

Statement

Apply Now

Undergrad Index +0%
to +6.25%

Grad Index +0% to 4.5%

Zero Undergrad: No payments due until 6 months after graduation or enrollment in school is less than half time

Graduate: No payments due until 9 months after graduation or enrollments in school is less than half time
Full-time or
Half-time


Statement

Apply Now

One Month
LIBOR
+2.60%
to
One Month
LIBOR
+8.99%

Zero

Choice of multiple repayment options and terms – customize your loan.
Students may choose to defer loan or start making payments while in school.

Full-Time or Half-Time

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

Statement

Apply Now

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