K-12/College Student Loan

An affordable student loan to help anyone in your family get an education.

The K-12/College Student loan This loan is available for college costs, graduate school and qualifying K-12 programs. Both full time and part time students can qualify.

  • Borrow up to $75,000 for education related expenses
  • Finance remaining balance after other aid has been received
  • Affordable repayment terms up to 12 years (up to two years for K-12)
  • Student loan interest may be tax deductible. Consult your tax advisor

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Frequently Asked Questions

My son has a partial scholarship to college. Can I still use an Alliant Student Loan to fund the balance of his tuition?
Yes, you still qualify for an Alliant Student Loan, regardless of how a scholarship, grant or financial aid affects the balance of your college tuition.

Can an Alliant Student Loan be used for other college expenses besides tuition?
We understand that college isn’t just expensive because of the high tuition. There is the significant expense of travel, room and board, books and meals. Of course, there are also other extra school-related expenses. Your Alliant Student Loan can be used for all college or school-related expenses.

Can I pay off my student loan quicker than the payment schedule?
Absolutely. At Alliant, there are no prepayment penalties for paying off your Student Loan faster than your payment schedule. In fact, it’s a great way to save interest expense in the long run.

MEMBER’S CHOICE™ Protection

Valuable protection that helps safeguard you and your family when you may need it most
Alliant is pleased to offer MEMBER’S CHOICE™ Protection Consumer Loan Protection. By choosing this valuable protection, you'll be adding a safety net for loan payments that helps to bring peace-of-mind for you and your loved ones should you encounter unforeseen financial difficulty due to disability, involuntary unemployment or death.

Consumer Loan Protection Options
To take advantage of this benefit, simply check your preferred protection package on the Loan Application. The fee will be added to your outstanding balance each month. This valuable protection can be added at any time during the life of your loan.

Option #1: Preferred Plan

  • Protects the primary borrower.
  • Protection includes loss of life, disability and postponement of payments due to involuntary unemployment.
  • Cancels your outstanding loan balance up to $100,000 in the event of death.
  • Cancels your monthly loan payment for up to twelve months or $12,000 in the event of disability.
  • Defers your monthly loan payment for up to six months if involuntarily unemployed.

Option #2: Preferred Plus Plan

  • Protects both you and the co-borrower with the same benefits as the Preferred Plan.

Option #3: Consumer Life Plan

  • Protects up to two borrowers per loan.
  • Cancels your outstanding loan balance up to $100,000 in the event of death.

Option #4: Life Payment Holiday Plan

  • Protects up to two borrowers per plan.
  • Protection includes loss of life and postponement of payments due to involuntary unemployment.
  • Cancels your outstanding loan balance up to $100,000 in the event of death.
  • Defers your monthly loan payment for up to six months or $6,000 if involuntarily unemployed.

Option #5: Payment Unemployment Holiday Plan

  • Protects up to two borrowers per loan.
  • Protection includes postponement of payments due to involuntary unemployment.
  • Defers your monthly loan payment for up to six months or $6,000 if involuntarily unemployed.

MEMBER’S CHOICE™ Protection contains certain terms and exclusions. Protection is not available for term loans or Interest-only Home Equity products. The protected borrower(s) may not be eligible for all benefits. Refer to the MEMBER’S CHOICE™ Protection Agreement for complete details. The MEMBER’S CHOICE™ Protection fee will be added to your loan and calculated in your monthly payment. Rates, terms and conditions are subject to change. Purchase of this protection is voluntary and not required in order to obtain credit. We will not consider whether or not you elect this protection in making our credit decision.

DPGAP-0612-0235

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