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 own lender.
| Term/ Condition | |||
| Interest Rate | LIBOR +4.75% | Variable based on Index | LIBOR +2.25% to 8.0% |
| Annual Maximum | Cost of education less aid | Cost of education less aid | Cost of education less aid, up to $65,000 annually |
| Aggregate Maximum | $150,000 | $250,000 | $225,000 |
| Enrollment | Full-time, half-time, or less than half-time | Full-time, half-time, or less than half-time | Full-time or Half-time |
| Origination Fee | Zero to 6.0% | Zero | Zero to 6.0% |
| Repayment Begins | Six months after graduation/separation | Six months after graduation, withdrawal, or less than half-time enrollment. | Payments may begin immediately |
| Fees at Repayment | None | None | None |
| Repayment Period | Up to 20 years | 20 years | Up to 25 years (depending on the amount borrowed) |
| Interest Capitalization | At repayment | At repayment | At repayment |
| Cosigner Required | Most students will require a co-signer | Most students will require a co-signer | Most students will require a co-signer |
| 2 | Must be at an eligible 4-year college or university such as SIUE. |