Click here for the Self Certification Form
Eligibility for these types of loans is based on credit, citizenship status, and other factors as determined by the lending institution.
Smart Option Student Loans
- Borrow up to 100% of your school-certified costs of education (minimum $1,000)
- Choice Plus Savings
- Interest Repayment. Pay interest while in school and have a shorter repayment period after school to save an average of 30% on your total loan cost compared to our deferred repayment option
- Fixed Repayment. Pay just $25 a month while in school and have a shorter repayment period after school to save an average of 20% on your total loan cost compared to our deferred repayment option
- Deferred Repayment. Make no payments while in school—or pay as much as you'd like—for maximum flexibility
- Competitive Interest Rates, Rates from LIBOR + 2.00% (2.25% APR) to LIBOR + 9.875% (9.23% APR)
- No origination fees and no prepayment penalties
- Rewards for paying on time
- Get a 2% SmartReward® in your Upromise® account when you make scheduled monthly payments on time while in school with Interest and Fixed Repayment plans
- Get a 0.25 percentage point interest rate reduction while enrolled to make scheduled monthly payments by automatic debit
Smart Option Student Loan options are available through BBVA Compass, Fifth Third Bank and Sallie Mae
Smart Option Student Loan by Sallie Mae
Students may also explore the option of loans through a private lender. For a complete view and to apply online, visit https://opennet.salliemae.com/apploansummary/?school_id=03171300&InstLndrID=900905&AlternateLogin=Y&loanprogram=SOSL call 1-888-272-5543. or
Smart Option Student Loan by Fifth Third Bank
Fifth Third Bank is offering the Smart Option Student Loan to USA students. For more information, please click here.
Smart Option Student Loan by Compass Bank
Please visit Compass Bank to learn more www.bbvacompass.com/studentloans.
Because these loans are based on credit, as well as other criteria, it is important to maintain a good credit rating prior to and during your attendance at school. We recommend that before applying for a Private Alternative loan that you contact at least one of the following national credit agencies to receive a copy of your credit report to verify it is accurate.
PLEASE NOTE: The maximum amount you can borrow in an alternative loan is the Cost of Attendance minus any financial aid, and scholarships. Before applying for a Private Alternative Loan, refer to your award notice for your Cost of Attendance and Financial Aid Award amounts.
How to Apply for Private Student Loans - Including Smart Option