If additional funding is needed, other than Federal Loans, there are private loans that you may qualify for. Because these loans are private, you should apply directly through the websites listed. However, please notify our Financial Aid office of your intent to apply for any private loan other than Federal. This is necessary information for proper follow up of your loans.
Smart Option Student Loan
- Borrow up to 100% of your school-certified costs of education (minimum $1,000)
- 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 + 2.50% (2.75% APR) to LIBOR + 10.875% (10.23% APR)
- No origination fees and no prepayment penalties
- Rewards for paying on time
o 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
o Get a 0.25 percentage point interest rate reduction while enrolled to make scheduled monthly payments by automatic debit
This loan is available from three lenders:
Smart Option Student Loan by Sallie Mae
Smart Option Student Loan by Fifth Third Bank
Smart Option Student Loan by BBVA Compass