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.
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.
| Terms & Conditions |
| |||
| Interest Rate | LIBOR +3.25% to +7.50% | Index +1.5% to 4.0% | LIBOR +2.00% to +9.88% | Index +0% to 3.5% |
| Annual Max: | Cost of education less aid | Cost of education less aid | Cost of education less aid | Cost of education less aid |
| Aggregate Max: | $275,000 | $180,000 | $78,400 | $275,000 |
| Enrollment: | Full-time or half-time | Full-time, half-time, or less than half-time | Full-time | Full time or half time |
| Origination Fee: | Zero | Zero | Zero | Zero |
| Repayment Begins: | 6 months after graduation / separation | 6 months after graduation / separation | 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. | 9 months after graduation/separation |
| Fees at Repayment: | None | None | None | None |
| Repayment Period: | Up to 25 years | 20 years | Up to 25 years | 20 years |
| Interest Capitalization: | At repayment | At repayment | N/A | At repayment |
| Co-signer Required: | Not required however may improve the loan terms | Most students will require a co-signer | Most students will require a co-signer | Not required but may improve loan terms |
| Disclosure Statement: | ||||
| Apply |
