The  Custom Loan Program, offered through our partnership with Education Loan Source,  is a fully customizable, credit-based loan program offered by your institution but supported completely by Sterling Education Finance and its partners.  As our program allows tremendous flexibility in determining borrower eligibility, it is an ideal addition to your college or university private loan lender list.  Partnering with Sterling will not only assure you of the high level of service you have come to expect from your education financing partners but enable students with less than perfect credit to pay for their college education through a cost-effective private loan product.

The Custom Loan Program is also available for K-12 schools.

Some of the benefits of the Sterling Custom Loan Program include:

• Flexible underwriting criteria with lower minimum FICO scores
• Borrower-friendly repayment terms of up to 15 years
• Low origination and guaranty fees determined by the institution
• Third-party guaranty of up to 100% of loan defaults
• Web-based application with e-signature available
• Portfolio management services offered by a Sterling partner
• Co-signer optional based on school preference
• Canadian students can apply without a U.S. co-signer

The origination/disbursement platform supports common industry interfaces and offers a variety of reporting options.  Flexible repayment terms including the ability to require in-school payments, a choice of payment plans, forbearance provisions and money-saving borrower benefits provide even greater value to your students.  Contact Sterling today at 828-335-1092 or answers@sefloans.org for more information!