Your student loans.Your choice.

  • Could cover up to 100% of the cost of attendance,1 including books, lab fees, computers, and room and board
  • Flexible repayment terms2 that fit your situation and budget
  • 2% principal reduction with our Grad Reward3

Prequalify4 in minutes with no obligation and no impact to your credit score.

A college girl looks hopefully into the distance.

Fixed Rates*

4.24%  − 14.01% APR5,6

Variable Rates*

5.44%  − 14.91% APR5,6

*Lowest APRs include a 0.25% discount when auto pay is elected.5,6

Competitive rates, plus 2% Grad Reward.3

Every Custom Choice Loan® borrower also gets benefits like a 2% principal reduction upon request with proof of graduation3 and a 0.25% rate discount when you set up auto pay.7

Features & Benefits

A college girl celebrates her graduation reward.

Graduate and reap the rewards: 2% principal reduction

All loans include a 2% principal reduction upon request with proof of graduation.3

A male college student setting up autopay for his private student loan.

Pay less with auto pay: 0.25% interest rate reduction7

Earn a 0.25% interest rate reduction by making automatic payments from a savings or checking account.

A young woman reviews loan documents while sitting on a couch.

Hidden or extra fees? Nope, none, nada.

There are absolutely no fees associated with a Custom Choice Loan, including no late or prepayment fees.

A man and his father review cosigner information for a college loan.

A cosigner for now doesn't have to be forever.

Just because you need a cosigner now doesn't mean you always will. Cosigners can be released upon request after making 36 consecutive on-time monthly principal and interest loan payments.8

A male college student raises his hand in class.

Payment Relief

When the going gets tough, we’ve got your back. There are never any extra or late fees with a Custom Choice Loan, including for missed payments due to job loss9 or natural disaster.10

A father helps his son plan for college.

Cosigner Advantage

Approval is more likely when adding a parent or another adult with good financial standing. Plus, you may get a lower rate than you would if you applied solo.

Two female college students greet eachother on their first day back in the dorm.

Returning Borrower Advantage11

When you apply for subsequent loans with the same cosigner, you not only have a higher chance of approval,12 you won’t have to provide income documentation again. This makes the application process easier and faster.

Repayment on your terms.


Focus on your education and make no payments while in school

  • Begin payments 6 months after graduation or leaving school
  • Highest overall costs


Make a flat $25 payment each month to reduce your interest

  • Lowest payment option in school
  • Reduce some of your overall costs


Pay the accrued interest each month during school

  • Moderate payments during school
  • Reduce overall costs significantly


Make payments on both principal and interest immediately

  • Highest payment
  • Lowest overall costs

Fixed & Variable Rates

Students can choose whether they want to lock in a fixed interest rate for the life of the loan or allow the interest rate to change over time with the market.

7, 10, or 15 Years13

The choice is yours whether to pay your loan over 7, 10, or 15 years. You know best when it comes to which repayment timeline works for your situation and budget.

Limits & Maximums1

  • $1,000 minimum loan amount

  • $99,999 annual loan maximum

  • $180,000 aggregate student loan limit (total amount of student loan debt allowable)

Frequently Asked Questions

Why should I choose Custom Choice?

Competitive rates. Flexible terms with no fees. Unique borrower benefits. A quick and simple application process. These are just a few reasons students choose Custom Choice.

What information do I need to complete my application?
  • Social Security number
  • School information
  • Loan amount
  • Proof of income (if applicable)14

What we’ll need from your cosigner (if applicable):

  • Social Security number
  • Proof of income
  • Government-issued ID
Is Satisfactory Academic Progress required?

While we hope you’ll meet the Satisfactory Academic Process requirements established by your school, it’s not a Custom Choice eligibility requirement.

Does a Custom Choice Loan have any fees?

There are absolutely no fees associated with a Custom Choice Loan. No late fees. No prepayment fees. Oh, and did we mention no fees?

Do I need a cosigner? What are the benefits of a cosigner?

A cosigner is not required, but it’s worth considering. Adding a parent or another adult in good financial standing may increase your chances for approval and provide a lower interest rate.

What is the Graduation Reward?

All loans receive a 2% principal loan reduction upon request with proof of graduation.3 Congrats, grads.

Who is Monogram?

Monogram was founded with the goal of helping students reach their educational goals through access to funding. Monogram employees have over 30 years of experience facilitating more than $30 billion in private student loans for dozens of lender clients and thousands of schools. They’ve helped more than 1 million families pay for their education.

What rate discounts do you offer?

You can get a 0.25% interest rate reduction when you make automated payments7 from your checking or savings account.

We also offer a Graduation Reward, which is a 2% principal reduction upon request with graduation.3

How fast is the loan process?

You can apply and get a personalized rate within minutes. If approved, you are asked to accept the terms and sign your loan documents. Next, we send your loan application to your school for certification. Each school has their own process and timelines, which could take several days or a few weeks. Finally, after receiving certification, we’ll schedule disbursement of loan funds according to your school’s timeline.

Is there a limit to the amount I can borrow?

The minimum loan amount is $1,000, and you may borrow up to $99,999 annually (your total student loan debt cannot exceed $180,000).1

Do you offer a cosigner release?

Yes, you may request to release a cosigner from a loan after making 36 consecutive on-time principal and interest payments.8

Scholarship Sweepstakes

A $1,500 scholarship could be in your future. Custom Choice is sponsoring a $1,500 scholarship every month until October 31, 2024.15 It’s just one way we’re working to ease the costs of higher education.

Get the download on private student loans.

There’s a lot to learn when it comes to figuring out how to pay for college. Get answers to the questions you have and maybe even some you haven’t already considered.