Student Loan Application

Alliant Student Loan Application

Fields marked with * are required.

This application cannot be used to apply for an Alliant Traditional Student Loan.To apply for an Alliant Traditional Student Loan you must apply at http://www.cology.com/alliantcu.aspx.

If you are applying for a K-12/College Student Loan or Consolidation Student Loan, please complete the application below then click the Submit button, or print and fax to Alliant Credit Union, 773–462–2260.

Married applicants may apply for individual credit. You are required to complete spousal information only if you are a resident of a community property state (AZ, CA, ID, LA, NM, NV, TX, WA, WI) or if you are relying on income or applying for joint credit with a spouse.

Note: You must be an Alliant Credit Union member in good standing to be eligible for credit. Loan approval and APR based on creditworthiness, payment method and ability to repay.

For an Alliant Traditional Student loan apply at http://www.cology.com/alliantcu.aspx

Type of Loan*
K-12/College Student Loan
Consolidation Student Loan
Application type Individual Joint
Student Information:
School Name*
*
Student Name*
*
Loan Amount Requested* $
*
Grade Level*
Grade Level*
Expected Graduation Date*
Cost of Attendance (per year)* $
*
Member Information
Member Account Number*
*
*
*
Street Address (include unit #)*
*
City*
*
State*
*
Zip*
*
Home Phone*
*
Work Phone
*
Employment Status* Employed Self-employed Retired Unemployed
Present Employer
Job Title
Date of Hire (mm/yyyy)
Employer Address
Employer Phone
†Alimony, child support or separate maintenance income need not be revealed if you do not wish to have it considered as a basis for repaying this obligation.
Gross Monthly Income $
Other Income $
Source of Other Income†
Monthly Housing Payment $
Years at Current Residence*
*
Rent Own
Joint Applicant/Spouse Information (optional)

Married applicants may apply for individual credit. You are required to complete spousal information only if you are a resident of a community property state (AZ, CA, ID, LA, NM, NV, TX, WA, WI) or if you are relying on income or applying for joint credit with a spouse.

 
Member Account Number (if applicable)
Date of Birth
Street Address (include unit #)
City
State Zip
Home Phone
Work Phone
Employment Status:* Employed Self-employed Retired Unemployed
Present Employer
Job Title
Date of Hire (mm/yyyy)
Employer Address
Employer Phone
†Alimony, child support or separate maintenance income need not be revealed if you do not wish to have it considered as a basis for repaying this obligation.
Gross Monthly Income $
Other Income
Source of Other Income†
Attestation of Joint Credit (required if applying for joint credit)
We intend to apply for joint credit.
Applicant
Joint Applicant
MEMBER’S CHOICE™ Protection Enrollment*
MEMBER’S CHOICE™ Protection is voluntary and not required in order to obtain this credit. We will not consider whether or not you elect this protection in making our credit decision. The rate you are charged is subject to change. You will receive notice before any increase goes into effect. We will give you additional information before you are required to pay for MEMBER’S CHOICE™ Protection. This information will include a copy of the contract containing the terms of MEMBER’S CHOICE™ Protection. There are eligibility requirements, conditions, and exclusions that could prevent you from receiving benefits under MEMBER’S CHOICE™ Protection. You should carefully read the contract for a full explanation of the terms of MEMBER’S CHOICE™ Protection. You may terminate protection on your account(s) at any time by providing us with written notice at least five (5) business days prior to the requested termination date. If you do so within thirty (30) days of purchasing protection, we will credit your outstanding balance for any fees charged for the protected account(s). MEMBER’S CHOICE™ Protection is not available on term loans.
please select one
MEMBER’S CHOICE™ Protection Agreement for Consumer Loans
Yes, I am interested in the following MEMBER’S CHOICE™ Protection Plan:

Preferred Plan Monthly fee of $1.95 per $1,000 of the monthly outstanding balance.
Preferred Plus Plan Monthly fee of $3.80 per $1,000 of the monthly outstanding balance.
Consumer Life Plan Monthly fee of $0.85 per $1,000 of the monthly outstanding balance.
Life Payment Holiday Plan Monthly fee of $1.25 per $1,000 of the monthly outstanding balance.
Payment Unemployment Holiday Plan Monthly fee of $0.50 per $1,000 of the monthly outstanding balance.
No, I waive this valuable member-only offer for Credit Protection.
Payment Method*
Alliant advertised rates include a 0.4% interest rate reduction for automatic payment. Loans without automatic payment (i.e., payment by monthly coupon) are subject to an increase in rate and margin of 0.4%. An Alliant Loan Consultant will give you additional information regarding your selected payment method before finalizing your loan.

I am interested on the following payment method:
Option A: Automatic Payment From An Alliant Credit Union Account
Option B: Automatic Payment From An Account Held At Another Financial Institution

Option C: Automatic Payment From United Airlines Paycheck

Option D: Payment By Monthly Coupon - By selecting this method, you are not eligible for a reduced interest rate.

By submitting below, I represent that I (the applicant or applicants) am the borrower and everything I have stated in this application is true, complete, and correct to the best of my knowledge and may be relied upon in evaluating this loan request. I understand that it may be a federal crime punishable by fine or imprisonment or both to willfully and deliberately provide incomplete or incorrect information on loan applications made to federal credit unions or state chartered credit unions insured by the National Credit Union Administration. I understand that Alliant Credit Union (Alliant) will retain this application whether or not the loan is approved.

I agree to the terms and conditions of the payment method I selected and I agree to accept information regarding this loan via email at the address provided herein. I authorize Alliant to check my employment history, obtain my credit report and to answer questions about its credit experience with me.

I understand that Alliant maintains the right not to grant me credit if: a) the information provided is incomplete, inaccurate or cannot be verified, or if I do not meet Alliant’s standards for creditworthiness; b) my name and/or mailing address have been altered; c) my income reported on the application is insufficient to support the opening of this loan; or d) I do not meet Alliant membership eligibility requirements. I understand I have the right to review my credit history by contacting the credit reporting agencies. I understand the credit extended and the terms of my loan will be based on a review of the information I provided in this application, my current credit report and any other information bearing on my creditworthiness. Maximum credit extended will be issued based on credit qualifications.

If the interest rate changes or if I take an advance against any type of line of credit(if applicable), I understand and agree that my payment will be updated to reflect the change(s), per my loan agreement. I also understand if I change the payment frequency on my loan and/or elect to use the coverage provided by Alliant’s Member Assistance Program, or if I take advantage of any other program or offer made or approved by Alliant, my payment will also be updated to reflect this change, pursuant to the terms of my authorized changes to the loan agreement.

I understand that Alliant’s advertised rates include the 0.4% interest rate reduction for automatic payment and that by choosing the automatic payment option, I qualify for the interest rate reduction of 0.4% off my standard qualifying rate. I understand loans without automatic payment (e.g., payment by monthly coupon) are subject to an increase in rate and margin of 0.4%. I understand if I owe Alliant money as a borrower, Alliant has a statutory lien on the account funds in any account in which I have an ownership interest, regardless of their source, unless prohibited by law. Alliant may apply these funds, without further notice to me, in order to pay off my indebtedness. I grant Alliant a consensual security interest in all of my Alliant accounts and obligations secured by property for the purpose of paying any debt or amount now or hereafter owed Alliant unless prohibited by applicable law. See Alliant’s Account Agreement and Disclosure at www.alliantcreditunion.org/global/disclosures/ for complete information. If my loan becomes delinquent after 10 days, a late fee will be assessed. Refer to the Fee Schedule at www.alliantcreditunion.org/services/fees/ for a list of fees.

Comments:


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