Student Loan Types and Process

There are MANY different types of loans.

Determining how to pay for college can feel overwhelming, especially given how many different options there are. That’s why we’ve broken out the most common types of loans available for you to help you bridge the extra costs after you deduct for scholarships and grants you’ve received.

While governmental and university-based student aid is (are) often the initially preferred ways to pay for school, many students will also need to consider private student loans, like the kind Alliant offers. Our Alliant student loans are designed to cover the remaining cost of your education.

See if an Alliant Student Loan meets your needs.

Alliant Traditional Student Loan features:1

When government loans and other aid will not cover the full cost of your tuition, private student loans can be a wise option.

Alliant’s Traditional Student Loan features deferred payments, with no loan payments due until you’re six months out of school. But, there are no prepayment penalties so you’re free to make payments while you’re in school. This is a great way to reduce your overall loan balance.

Student loan interest may be tax deductible. Consult your tax advisor.

4.33 %
As Low As
144 mo.1 Max Term

  • Available for undergraduate and graduate students, as well as those seeking professional degrees
  • Borrow up to $15,000 annually, to a maximum amount of $60,000
  • Affordable repayment terms up to 12 years

Apply Today

The Alliant Student Loan Process

How does our loan process work?

Complete Application — This takes approximately 15 minutes (plus additional time for a cosigner, if necessary).
Review of Application — This takes 2 business days.
Certification by School — This can take as many as 10 business days.
Approval of Truth in Lending Disclosure — This must be returned by the applicant within 30 days.
Completion of Final Truth in Lending Disclosure and Right of Rescission Period — This takes 7 business days.

Apply Today

Have Questions?

Give us a call at 800-328-1935. We’d be happy to talk you through any student loan questions you have.


Check back monthly to read new blog articles on everything from The True Cost of a College Education to why Protecting Your Credit Score is so important.

Student Loans Useful Facts
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