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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

Undergrad and Grad Variable Rate: Prime + 0% - 5%

Fixed Rate: 6.74% to 10.99%

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 
Half-time
(Less than Half-time
Summer or last term)

Statement

Apply Now



Collegiate Loan

Variable: As low as 3.17% - 8.60%

Fixed: As low as 6.17% - 10.93% APR

Graduate: Variable As low as 3.22% - 8.03%

Graduate: Fixed As low as 6.36% - 9.44%

Zero

6 months
after graduation

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

Statement

Apply Now

Undergrad Fixed 5.74% APR to 11.85% APR

Variable 2.25% APR to 9.37% APR

Graduate: Fixed 5.74% APR to 8.63% APR

Variable 2.25% APR to 7.27% APR

Zero

Three payment options.

Deferred payments until 6 months after graduation.

Fixed payments of $25 a month.

Full payments to save 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

pnc

Fixed 6.49% APR

Variable 3.47% to 10.42% APR

Zero

No payments until 6 months after graduation or enrollment drops less than half-time.

Full-time
Half-time

Can be used for qualified prior balances at the school.

Statement

Apply Now

Apply Now