Apply in Less Than 3 Minutes
- Most competitive interest rate starting at %{apr_starting_at} APR 1
- Cover up to 100% of your school costs 2
- Flexible options for repayment
- No application, origination, or prepayment fees
- Checking rates won't affect your credit score
Custom Choice - Overview
Custom Choice is a brand name used by Cognition Financial for its student loan product. Custom Choice loans are issued by Citizens Bank, N.A., a full-service banking institution located iin Providence, Rhode Island. Custom Choice offers financing options for both undergraduate and graduate students and parents seeking to fund their children's education.
Student Loans Offered
Custom Choice loans offer competitive rates and a wide range of repayment options to help borrowers tailor their loans to their specific finncial needs. Custom Choice stands out for providing loans without application or late payment fees.
Maximum Loan Limit
|
Minimum Loan Amount |
$1,000 |
|
Maximum Loan Amount |
$99,999 |
Repayment Options
Custom Choice offers four repayment options for all of its student loans. Borrowers have the choice of lowering their monthly payments or reducing the lifetime cost of their loans depending on which repayment schedule they select.
- Deferred
- Immediate Repayment
- Interest Only
- Flat Payment ($25 monthly)
Student Loan Rates
|
Fixed Rate |
✔ |
|
Variable Rate |
✔ |
For Custom Choice Loan
Variable Rates: 1.24% - 9.73% APR
Fixed Rates: 4.26% APR - 10.74% APR
*Rates will be determined by the borrower’s and co-signer’s credit history, requested loan amount, repayment option, loan term selected, and other information
Loan Terms
|
Custom Choice Loan |
7, 10, or 15 years |
|
Graduate Business School Loan |
7 or 10 years |
|
|
|
Qualifying
For Custom Choice and Graduate School Business Loan
- Must be a U.S. Citizen or permanent resident
- Must be enrolled at least half-time in a Title IV program at an eligible school
- Must be at legal age or at least 17 years old at the time of application
- Must have a permanent address that is not in Iowa or Wisconsin
|
Online Application |
✔ |
|
College Scholarship Search |
✗ |
|
Student Loan Calculator |
✗ |
|
Application Process Time |
A few minutes |
|
Help and Support |
|
|
Live Chat |
✗ |
|
|
✔ |
|
Phone |
✔ |
|
FAQs |
✔ |
Rewards and Discounts
Like most student loan companies, Custom Choice offers a 0.25% discount to borrowers who opt for auto payment. By providing proof of graduation, you can earn a 2.00% reduction of your remaining balance. The company also encourages customers to enter their monthly college scholarship sweepstakes for a chance to win $1,500.
Loan Related Fees
|
Origination Fee |
✗ |
|
Loan Application Fee |
✗ |
|
Late Fee |
✗ |
Student Loans at Custom Choice
Custom Choice offers competitive interest rates, flexible loan terms, and vairous ways to customize your repayment plan. Undergraduate, graduate, and parent borrowers may apply. The company makes pre-qualifying for your loan quick and easy. Once you are pre-qualified, you gain access to a range of educational resources and a loan calculator that helps you compare various loan options. We rather wish Custom Choice made these tools available to anyone visiting their site, as some student loan companies do.
Before applying for a private student loan, Citizens Bank and Cognition Financial recommend comparing all financial aid alternatives including grants, scholarships, and both federal and private student loans.
- Prequalification feature allows you to check rates without affecting your credit score
- Undergraduate and graduate loans with competitive fixed and variable rates
- Interest rate and principal balance reductions available to qualified borrowers
- No application, prepayment, or late fees