Traditional Student Loan

A deferred payment student loan with no payments due until you're out of school

Our Traditional Student Loan is perfect for those who can't make payments right away. No payments are due until six months after the student is out of school.

  • Borrow up to $15,000 annually to a maximum amount of $60,000
  • Affordable repayment terms up to 12 years
  • Available for undergraduate and graduate students
  • Student loan interest may be tax deductible. Consult your tax advisor

View the traditional student loan application process & timeline.

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.

Check our fee schedule.

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