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 | | 
| Undergrad Fixed 6.79% to 9.99% Grad Fixed 6.79% to 8.99% Undergrad Index +0%
to +5% Grad Index +0% to 4% | 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 | | 
TruFit Loan
| NOW AVAILABLE!
Fixed Rate
APR to 5.75% to 11.75% APR
Variable Rate 2.71% APR to 9.46% APR | Zero | 6 months after graduation/separation | Full-time or
Half-Time | Statement | Apply Now | |
Smart Option Loan
| Fixed 5.75% APR to 12.875% APR Variable 2.25% APR to 10.125% APR | 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 | | 
Collegiate Loan
| Variable: As low as 2.93% - 8.60% Fixed: As low as 5.94% - 11.34% APR Graduate: Variable As low as 4.19% - 8.04% Graduate: Fixed As low as 6.89% - 9.44% | Zero | 6 months
after graduation | Full-time
Half-Time or
Less than half-time | Statement | Apply Now | | 
Smart Option Student Loan®
| Fixed 5.74% APR to 11.85% APR Variable 2.25% APR to 9.37% APR | 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 Can also be used for qualified prior balances at the school | Statement | Apply Now | | 
| Undergrad Fixed 5.74% APR to 11.69% APR Variable 2.25% APR to 9.37% APR Graduate: Fixed 5.75% APR to 8.63% APR Variable 2.25% APR to 7.33% APR | 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
LIBOR
+2.60%
to
LIBOR
+8.99% Gradtuate LIBOR +2.60% to LIBOR +7.25% | 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 | |
