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Student Loan Information

Student loans can provide you with additional funds to help pay for your education at Saint Louis University. The federal government sponsors a variety of student loan programs, but private financing is also available. To be eligible for federal student loans, you’ll need to complete the Free Application for Federal Student Aid (FAFSA).

Accepting an Offer of Federal Student Loans

After you’ve been accepted to SLU and filled out your FAFSA, you’ll receive a financial aid award that details the federal student loans for which you are eligible. To accept or decline your student loans, log in to Banner Self-Service using your MySLU account information and click on the “Financial Aid” tab. You’ll also be required to complete and sign a formal agreement to repay your loan known as a Master Promissory Note.

Learn More About the Different Types of Federal Student Loan Programs

Read a Guide About Federal Student Aid and Paying for College

Perkins Loan Program

You may qualify for a low-interest loan through the federal Perkins loan program if you are an undergraduate or graduate student with exceptional financial need. Perkins loans are similar to other federal student loans, except they have a longer grace period and no fees.

Qualification Requirements

To qualify for a Perkins loan at SLU, you must:

  • Be enrolled at least half-time in a degree program
  • Be a U.S. citizen, permanent resident or an eligible non-citizen
  • Meet satisfactory academic progress standards
  • Have no unresolved defaults or overpayments owed on Title IV education loans and grants
  • Have satisfied all Selective Service requirements, if applicable

Accepting a Perkins Loan

  • If you have not previously borrowed funds from the Federal Perkins Loan program while at Saint Louis University, you’ll need to accept your Perkins eligibility through Banner Self-Service and complete a Master Promissory Note at the SignMyLoan website. You will need your FSA ID to electronically sign the note.
  • If you are a returning student and have previously borrowed funds from the Federal Perkins Loan program at Saint Louis University, simply accept your Perkins eligibility through Banner Self-Service.

For any additional questions, please contact the SLU Perkins Loan department at or 314-977-2407.

Direct PLUS Loan for Parents

The Direct PLUS Loan program is another borrowing option for parents of dependent undergraduate students that can help pay for education expenses not covered by other financial aid.

A credit check, performed by the U.S. Department of Education at the time of application, is required to determine eligibility for PLUS loans. The maximum loan amount is the cost of attendance (as determined by SLU) minus any other financial assistance that you’ve received, but you should be careful not to borrow more than you can afford to repay. If you have any questions about determining the right amount for your situation, contact a financial aid counselor.

What Happens if My Federal PLUS Loan is Denied?

There are still options to help pay for your education if you are not eligible for a PLUS loan. If you are denied, SLU’s Office of Student financial Services may offer you a federal Direct Unsubsidized loan ($4,000 for freshman and sophomores; $5,000 for juniors and seniors).

Exploring loans from a private lender is another option. However, since these loans often have variable, uncapped interest rates, we encourage you to exhaust federal loan programs first.

Loans for Graduate Students

The federal Direct Unsubsidized loan and the Direct PLUS loan programs are available to graduate student borrowers. Similar to the process for undergraduate students, you will need to file a FAFSA to receive an offer of financial aid, which you accept or decline through Banner Self-Service.

You can borrow up to $20,500 through the Direct Unsubsidized loan program, and it should be the first borrowing option you consider. Any unmet costs can be met by a Direct PLUS loan, which will allow you to borrow up to the cost of attendance (minus all other financial aid you’ve received).

Private/Alternative Loans

A private loan is an educational loan for credit worthy borrowers (student, parent, or other) which is offered by banks and other organizations. These loans are not federally funded through the Federal Direct Loan Program. The interest rates and terms vary by lender and are usually tied to the prime rate or LIBOR index.

Private loans are credit-based loans and in most cases, a creditworthy cosigner is required. Be sure to follow each step of your lender's process when applying for a private student loan. Should you need assistance, contact your lender as they will walk you through their process and update you on the status of your loan.

Historical Lender List

Lender Application Disclosure Statement
Affinity Federal Credit Union Application Disclosure
Andigo (Former Motorola Employees CU) N/A²
Anheuser-Busch Employees CU/American Eagle Div N/A²
Bank of North Dakota Application Disclosure-Fixed Rate
Application Disclosure-Variable Rate
Baxter Credit Union PEL N/A²
CEFCU Application Disclosure
Citizens Financial Group and Citizens Bank Application Disclosure
College Ave Application Disclosure
Commerce Bank Application Disclosure-Undergraduate
Application Disclosure-Graduate
COMMONBOND Application Disclosure
Credit Human (Former San Antonio Federal Credit Union) No Longer Offering Student Loans
Digital Federal Credit Union N/A²
Discover Student Loans Application Disclosure
Eli Lilly Federal Credit Union N/A²
Fifth/Third Bank No Longer Offering Student Loans 
Fynanz No Longer Offering Student Loans 
IH Mississippi Valley Credit Union N/A²
Iowa Student Loan Application Disclosure
KEMBA Credit Union N/A²
KHESLC Application Disclosure-Principal Plus
Application Disclosure-Interest Only
Landmark Credit Union N/A²
MEFA Application Disclosure-Undergraduate
Application Disclosure-Graduate
Minnesota Office of Higher Education Application Disclosure-Fixed Rate
Application Disclosure-Variable Rate
Missouri Scholarship & Loan Foundation (MOFELP) Application Disclosure
NASA Federal Credit Union N/A²
Notre Dame Federal Credit Union Application Disclosure
Ohio Catholic Federal Credit Union N/A²
Ohio Educational Credit Union N/A²
Old National Bank made by Sallie Mae Bank Application Disclosure
ORNL Federal Credit Union Application Disclosure-Fixed Rate
Application Disclosure-Variable Rate
PNC Bank - Educational Loan Center Application Disclosure
Regions Bank Application Disclosure
Rhode Island Student Loan Authority Application Disclosure-Student Loan
Application Disclosure-Parent Loan
Safe Credit Union Application Disclosure
Sallie Mae Application Disclosure
Sallie Mae Graduate Health Professional Loan Application Disclosure
Sallie Mae MBA Loan Application Disclosure
Scott Credit Union Application Disclosure
SunTrust Bank Application Disclosure
Technology Credit Union Application Disclosure
Three Rivers Federal Credit Union N/A²
Thrivent Federal Credit Union Application Disclosure-Fixed Rate
Application Disclosure-Variable Rate
Union Federal Private Student Loan (funded by SunTrust) Application Disclosure
University of Illinois Employee Credit Union Application Disclosure
University of Wisconsin Credit Union Application Disclosure-Fixed Rate
Application Disclosure-Variable Rate
Wells Fargo Application Disclosure

This is a historical list of lenders used by students and other borrowers at Saint Louis University within the last three academic years. The university does not endorse any lender, nor do any of the lenders compensate Saint Louis University to be on this list.

It is highly encouraged that a borrower interested in pursuing a private loan research a lender that works best for their financial situation. A borrower may pursue any lender of their choice.

2 Lender does not provide Application and Solicitation Disclosure information and/or active link is not accessible. 

Loan Collections

SLU’s Student Loan Collections facilitates repayment, deferment, loan forgiveness and fulfills exit requirements on federal and institutional programs, such as the Federal Perkins, Nursing Student, Nursing Faculty and Primary Care loans, as well as loans for disadvantaged and institutional debt.

Office hours are 8 a.m. to 5 p.m. (Central time) Monday through Friday. For more information, contact Marguerite Kupferer at or call 314-977-2404.


The University partners with University Accounting Services for its billing needs, including signmyloan, electronic exits, and billing mechanisms for payment including paper and electronic billing.

Visit to change your billing address, application of financial relief, employment benefits and student deferment when you continue your educational studies.

Contact University Accounting Services at 800-999-6227 or send forms and correspondence to:

University Accounting Service
PO Box 932
Brookfield, WI 53008-0932

If not using electronic payment portal, please send payments to:

University Accounting Service, LLC
PO Box 5865
Carol Stream, IL 60197-5865

Please make checks payable to Saint Louis University.

Code of Conduct and Policy on Educational Loans

1.0 Introduction

Saint Louis University achieves its mission of teaching, research and community service in a manner consistent with its Catholic, Jesuit mission and philosophy. All employees, including administrators, faculty and staff, are expected to conduct themselves in a manner which is also consistent with this mission and philosophy.

2.0 Purpose

This policy establishes a code of conduct that reiterates and reflects Saint Louis University's continuing commitment to conducting financial aid practices with integrity, free from conflicts of interest, in the interest of students, and in compliance with applicable law.

3.0 Personnel Affected

This code of conduct applies to all employees, including administrators, faculty and staff, including, but not limited to, individuals who are employed in the Office of Student Financial Services or who otherwise have responsibilities with respect to educational loans.

4.0 Definitions

For purposes of this policy, certain key terms are defined as follows:

Lending institution:

  1. An entity that itself or through an affiliate engages in the business of making loans to students, parents or others for purposes of financing higher education expenses or that securitizes such loans; or
  2. An entity, or association of entities, that guarantees or services educational loans; or
  3. An industry, trade, or professional association that receives money from any entity described in subsections (a) and (b) above.>

Preferred Lender Arrangement: An arrangement or agreement between a lending institution and Saint Louis University

  1. under which a lending institution provides or otherwise issues educational loans to the students attending Saint Louis University or the families of such students; and
  2. that relates to Saint Louis University or an affiliated organization recommending, promoting, or endorsing the educational loan products of the lending institution.

Revenue Sharing Arrangement: Any arrangement between Saint Louis University and a lending institution that results in the lending institution paying a fee or other benefits, including a share of the profits, to Saint Louis University, its officers, employees or agents as a result of Saint Louis University's recommending the lender to its students or the families of those students.

5.0 Policy
Saint Louis University:
  • Does not require the use of a particular lending institution or in any way limit the choice of lending institution.
  • Does not recommend particular lending institutions to students or families of those students.
  • Does not maintain a preferred lender list or have any preferred lender arrangements.
  • Processes loan applications through any lending institution a student or parent chooses.
  • Does not assign for any borrower, through award packaging or other methods, a loan to a particular lending institution and does not refuse to certify or delay certification of any loan based on the borrower's selection of a particular lending institution.
  • Prohibits conflicts of interest with respect to the loans.
  • Prohibits revenue sharing arrangements with any lending institution.
  • Does not solicit or accept anything of value from any lending institution in exchange for any advantage sought by a lending institution to make educational loans to students enrolled at, or admitted to, the University.
  • Prohibits the solicitation or acceptance of any funds to be used for private educational loans in exchange for concessions by Saint Louis University to a lending institution.
  • Prohibits any employee of the Office of Student Financial Services, or any employee who otherwise has responsibilities with respect to educational loans, from soliciting or accepting from a lending institution any gift worth more than a nominal value.
  • Prohibits any employee of the Office of Student Financial Services, or any employee who otherwise has responsibilities with respect to educational loans, from entering into any type of consulting arrangement or other contract to provide to a Lender Institution services relating to educational loans.
  • Prohibits employees of the Office of Student Financial Services, or any employee who otherwise has responsibilities with respect to educational loans, who serve on an advisory board (or commission or group) relating to educational loans established by a lending institution or group of lending institutions from receiving anything of value from the lending institution or group of lending institutions in connection with serving on such an advisory board (or commission or group).
  • Prohibits external lending institutions' employees, representatives or agents from providing staffing services to the Office of Student Financial Services.
  • Prohibits external lending institution's employees, representatives or agents from identifying themselves to students of Saint Louis University or their parents as employees, representatives or agents of the Office of Student Financial Services.
6.0 References
Higher Education Act of 1965, §§ 151, 153(c)(3) and 493(a)(25) and (e)(as amended, August 14, 2008).