Southern Illinois University at Carbondale

Private Student Loans

Enrollees at Southern Illinois University at Carbondale are qualified for private student loans issued by cuStudentLoans. A financial aid officer at Southern Illinois University at Carbondale can aid you by presenting you with the options of financial aid available to you, in addition to any private student loans you may be qualified for.kick off your application for a private student loan to educate yourself at Southern Illinois University at Carbondale here.

Start your inquiry for a private student loan here.

Main Program Features

Borrow as little as $2,000 or or up to Cost of Attendance per year. $120,000 lifetime maximum
Choose between making interest payments or a nominal $25 Proactive Payment payment towards the loan while in school
Use the funds for any qualified educational expense, including past due tuition bills
Quick approval once we receive your completed application
Cosigner release after just 24 consecutive on-time payments

Student Benefits

Zero Origination Fees for all qualified student borrowers
Competitive Interest Rates
1% Interest Rate Reduction once 10% of the loan principal is repaid during the full repayment period
30 Day No-Fee Return Policy allows you to cancel the loan if you find a better option

Eligibility & Credit Requirements

Borrower must be enrolled in an eligible school and pursuing a degree program
Borrower must be a member or join a federal credit union during the online application process
Borrower must be a U.S. Citizen or permanent resident.
Students are encouraged to apply with a creditworthy cosigner for a better chance of approval and/or lower interest rate

Additional Information About Private Loans for Students Attending Southern Illinois University at Carbondale

A private student loan is a loan provided by a financial institution to aid students to pay for their educational expenses as soon as all other financial aid has been exhausted. These expenses could pertain to tuition, books, housing, and in some instances living expenses. Southern Illinois University at Carbondale does not offer or make private student loans, and the information provided herein should not be regarded to be an endorsement of cuStudentLoans.

There are many types of financial aid accessible by students wishing to learn at Southern Illinois University at Carbondale. The U.S. Education Department distributes government student loans as a part of the Direct Student Loans program. There are also private student loans that are available from private financial lenders. Federal and private student loans are on occasion used together with one another to pay for the financial obligations of attending Southern Illinois University at Carbondale.

It is significant to see that all scholarships, grants and federal aid options should be exhausted before applying for a private student loan. We also encourage you to review your rights and responsibilities.