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Student Loans
Your Way

Imagine a loan that’s customizable to your exact needs—now and into the future. That’s the freedom of Custom Choice. Students and cosigners both benefit from absolutely no fees, including no late or prepayment fees. Now, you can prequalify1—check your rate in minutes, with no impact to your credit, and easily compare your options before you choose.

We know your time is valuable, so we added a new feature that performs automatic income and employment verification. This means some applicants will get to skip a step in the process, resulting in a faster turnaround. Less time, less hassle, less paperwork. Another reason to choose Custom Choice.

Returning Borrower2 Advantage

Returning undergraduate student borrowers can rest easier knowing they're more likely to be approved - they had a 94% approval rate when applying the following year for a subsequent Custom Choice Loan with a cosigner.3

Plus, we've made applying easier by creating a timesaving application process, just for returning borrowers. Prequalify for a Custom Choice Loan today. Then come back next year and enjoy the benefits of the Returning Borrower Advantage.

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What You Need to Apply

  • Pay stub or other proof of income (less than 30 days old)
  • Monthly housing cost
  • Anticipated graduation date
  • Loan amount
  • Academic period for loan
  • Permanent resident aliens and Eligible Non-Citizens4 will be required to provide documentation regarding current immigration status in the United States. The document(s) must be valid through the academic period.
  • Additional information may be required after your application is submitted for review.

Check Out Our Competitive Rates

Make automatic payments from a bank account and receive a .25% discount9 for even more savings. Plus, all loans include a 2% principal reduction with proof of graduation.10

Variable Rate

4.75% - 13.39%
APR9,11,12

Fixed Rate

3.65% - 12.47%
APR9,11,12

Lowest APRs include a 0.25% discount when auto pay is elected.11,12

It's So Easy to Apply and Compare

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Prequalify

Get a decision in just minutes with absolutely no impact to your credit.1 Adding a parent or other adult as a cosigner will help!

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Complete Application

Once you’ve prequalified, complete your online application in minutes. You won’t pay a single fee to make it happen. Seriously.

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Customize Loan Options

After you’re approved, it’s your choice how payments will work. We’ll help you do the math and see how the numbers fit your budget.

Repayment Options

Deferred13

Focus on your education and make no payments in school

  • Begin payments 6 months after graduation
  • Highest overall costs

Flat Payment13

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

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

Interest Only13

Pay the accrued interest each month during school

  • Moderate payments during school
  • Reduce overall costs significantly

Immediate13

Make payments on both principal and interest immediately

  • Highest payment
  • Lowest overall costs

Am I Eligible?

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A Custom Choice Loan® covers up to 100% of your school-certified cost of attendance, which typically includes things like tuition and fees, books and supplies, room and board, transportation and personal expenses.6

Eligibility Requirements for the Student

  • Be enrolled at an eligible institution in a degree-granting program.14
  • Be the legal age of majority, or at least 17 years of age at the time of application if applying with a cosigner who meets the age of majority requirements in the cosigner’s state of residence.15
  • Be a U.S. citizen, permanent resident alien or Eligible Non-Citizen (DACA resident) applying with an eligible cosigner who is a U.S. citizen or permanent resident alien.

Scholarship Sweepstakes

With the Paying for College Scholarship Sweepstakes, Custom Choice is sponsoring a $1,500 scholarship every month until March 31, 2023.16 It’s just one more way we’re working to ease the costs of higher education.

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Scholarship Sweepstakes

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With the Paying for College Scholarship Sweepstakes, Custom Choice is sponsoring a $1,500 scholarship every month until September.15 It’s just one more way we’re working to ease the costs of higher education.

Resources

Have some questions for us?
We have answers.

Everything you need to know about private student loans.

Contact Us

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Speak with a Custom Choice Loan Specialist

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Email a Custom Choice Loan Specialist

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Reach Us by Mail

Cognition Financial
200 Clarendon Street, 3rd Floor
Boston, MA 02116