Students
Monticello Student Loans: When Education is Priority #1
Borrow now, defer payment for up to five years2
Whether you're an undergraduate or graduate student, a Monticello Student Loan can help with the cost of going to the college of your choice1. Unlike a "tuition only" loan, a Monticello Student Loan gives you the flexibility to pay for other education-related expenses as well. That includes everything from books and a laptop to studying abroad.
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Pay nothing for up to five years.2
Borrow $1,500 to $40,000
per year1
Get a co-signer and you
could get a better rate
Applying for a Monticello Student Loan with a parent or other credit-worthy adult may help you get a better rate.
See our TV Commercials
Students in real-life situations, made possible with the help of a Monticello Student Loan.


  1. Undergraduate and graduate borrowers may borrow annually up to the lesser of the cost of attendance or $30,000 ($40,000 for certain schools where the annual cost of attendance has been determined to exceed $30,000). Borrowers in Continuing Education and K-12 loan programs may borrow annually up to $30,000.
  2. Undergraduates may choose to defer repayment of principal and interest, until six months after graduation or ceasing to be enrolled at least half time, for up to a maximum of five years. Immediate repayment and interest-only repayment options are also available. Graduate repayment is automatically deferred. Continuing education borrowers begin repayment the earlier of a) 180 days after the student graduates or earns a certificate; b) 180 days after the student ceases to be enrolled; or c) two years after the date of the loan disbursement. K-12 loans are immediate repayment loans.
Monticello Student Loans are funded by Union Federal Savings Bank, Member FDIC and Equal Opportunity Lender. The lender may sell Monticello Student Loans in the secondary market. The terms of the loan, including any borrower benefits, will not be affected by such a sale.