Plenty of loan options to consider.1 Even more reasons to choose Custom Choice.

  • Find your rate2 in minutes with no impact to your credit score.
  • Design a loan customizable to your needs.
  • Lock in a personalized rate that stays valid for 30 days.
  • Unlock benefits like a graduation reward,3 rate discounts for enrolling in auto pay4 and making on-time payments,5 plus In-School Default Protection6
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All we need are a few minutes of your time and a few details.

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Fixed Rates*

2.85%

to 15.61% APR7,8

Variable Rates*

3.91%

to 16.30% APR7,8

*Lowest APRs include a 0.25% discount when auto pay is elected.4

Personal Information

  • Pay stub (no more than 30 days old) or other proof of income

  • Monthly housing cost (rent, mortgage, other)

  • Permanent resident aliens and Eligible Non-Citizens9 will be required to provide documentation regarding current immigration status in the United States. The document(s) must be valid through the academic period.

School Information

  • Anticipated graduation date
  • Loan amount
  • Academic period for loan

Repayment on your terms.

DEFERRED1

Focus on your education and make no payments while in school

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

FLAT PAYMENT1

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

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

INTEREST ONLY1

Pay the accrued interest each month during school

  • Moderate payments during school
  • Reduce overall costs significantly

IMMEDIATE1

Make payments on both principal and interest immediately

  • Highest payment
  • Lowest overall costs

Rate Discounts

Set up automatic payments to earn a 0.25% interest rate discount,4 then continue building your savings with up to an additional 0.25% interest rate reduction for on-time principal and interest payments5 throughout your repayment term.

In-School Default Protection6

If you’re making interest-only or flat payments during school and fall behind, In-School Default Protection automatically places you into a deferred payment plan — helping you avoid default and stay on track.

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 Years10

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 & Maximums11

  • $1,000 minimum loan amount

  • $225,000 aggregate student loan limit (total amount of outstanding student loan debt)

Payment Relief Options

Sometimes life just throws you a curveball. No problem! Your Custom Choice Loan automatically comes with forbearance options for:

  • Unemployment:12 If you have trouble finding a job after school or if you lose your job during repayment.
  • Natural Disasters:13 Focus on rebuilding. Your loan payments will wait.
  • No missed payment or late fees, either!
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A college girl smiling while using a laptop computer.