Lower-Rate Loans for Student Borrowers
The Illinois Partnership Loan
The Illinois Partnership Loan is available to Illinois residents attending or planning to attend an in-state not-for-profit college or university. If financial aid and other resources fall short of covering your college expenses, this private loan option can help fill the gap. The private loan is provided through ISL Education Lending (ISL), a non-profit lending institution with strong borrower protections.
This product is for borrowers with a credit score of at least 660 or borrowers who have an eligible cosigner with a credit score of at least 660. Fixed Annual Percentage Rate: 3.45% APR - 6.77% APR.*
Why Choose This Loan?
No fees
Flexible in-school payment options
Fixed APR:
3.70% – 6.77%*
*Borrowers can qualify for a 0.25% interest rate reduction by enrolling in automatic monthly payments lowering the interest rate range to an APR of 3.45% to 6.77%. This auto-pay discount is applied as long as automatic payments are maintained. Note: Not all borrowers receive the lowest rate. If you are approved for a loan, the rate offered will depend on your credit profile and the term you select and will be within the ranges shown above.
Are You an Eligible Borrower?
Eligibility starts with one word: Illinois.
Applicants must be Illinois residents attending an Illinois public or private not-for-profit higher education institution.
They must also maintain a credit score of at least 660 or have an eligible cosigner with a credit score of at least 660.
