Your student loans.Your choice.
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Could cover up to 100% of the cost of attendance,1 including books, lab fees, computers, and room and board
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Flexible repayment options2 that fit your budget
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In-School Default Protection3 protects you from default
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2% principal reduction with our Grad Reward4
Find your rate5 in minutes with no obligation and no impact to your credit score.
*Lowest APRs include a 0.25% discount when auto pay is elected.8
Competitive rates, plus 2% Grad Reward.4
Every Custom Choice Loan® borrower also gets benefits like a 2% principal reduction upon request with proof of graduation4 and a 0.25% rate discount when you set up auto pay.8 Plus, reduce your rate by up to an additional 0.25% by making on-time principal and interest payments9 during the repayment term.
Features & Benefits
Graduate and reap the rewards: 2% principal reduction
All loans include a 2% principal reduction upon request with proof of graduation.4
Lower your rate by up to 0.50% by maintaining a good payment history.
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 cosigner for now doesn't have to be forever.
Cosigners can be released upon entering repayment of principal and interest, provided that the student borrower meets certain credit and other criteria.10
In-School Default Protection3
If you choose to make interest-only or flat payments while in school but aren’t able to keep up, In-School Default Protection automatically moves you into a deferred payment option, helping you stay on track.
Cosigner Advantage
Approval is more likely when applying with a parent or another adult with good financial standing. Plus, you may get a lower rate than you would if you applied solo.
Returning Borrower Advantage13
When you apply for subsequent loans with a cosigner, you not only have a higher chance of approval, you may not have to provide income documentation again. This makes the application process easier and faster.
Repayment on your terms.
DEFERRED2
Focus on your education and make no payments while in school
- Begin payments after graduation or leaving school
- Highest overall costs
FLAT PAYMENT2
Make a flat $25 payment each month to reduce your interest
- Lowest payment option in school
- Reduce some of your overall costs
INTEREST ONLY2
Pay the accrued interest each month during school
- Moderate payments during school
- Reduce overall costs significantly
IMMEDIATE2
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.
5, 7, 10, 15, or 20 Years14
The choice is yours whether to pay your loan over 5, 7, 10, 15, or 20 years. You know best when it comes to which repayment timeline works for your budget.
Limits & Maximums1
- $1,000 minimum loan amount
- $225,000 aggregate student loan limit (total amount of outstanding student loan debt)
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?
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?
Receive a 2% principal loan reduction upon request with proof of graduation.4 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 discounts do you offer?
You can get a 0.25% interest rate reduction when you make automatic payments8 from your checking or savings account.
Plus, for every six months of on-time principal and interest payments, lower your rate by 0.05% for up to an additional interest rate reduction of 0.25%.9
We also offer a Graduation Reward, which is a 2% principal reduction upon request with proof of graduation.4
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?
With a Custom Choice Loan® you can borrow:1
$1,000 minimum loan amount
$225,000 aggregate student loan debt (total amount of student debt allowable)
Do you offer a cosigner release?
Yes, you may request to release a cosigner from a loan after making 12 monthly principal and interest payments. To qualify, the student borrower must meet certain credit and other criteria.10
Scholarship Sweepstakes
A $1,500 scholarship could be in your future. Custom Choice is sponsoring a $1,500 scholarship every month until June 30, 2026.16 It’s just one way we’re working to ease the costs of higher education.