Student Empowerment Fund
il-sef.comSummary
Ask questionsThe Student Empowerment Fund (SEF) is an initiative by the Illinois Treasurer's Office that provides capital to trusted lenders to offer lower-rate private student loans to Illinois residents attending in-state colleges. It aims to reduce student debt burden and enhance access to higher education by filling financing gaps not covered by federal loans, grants, or scholarships.
Features0/15
See allNo common features found
PricingTiered
See allIllinois Partnership Loan and Illinois College Family Loan
- Designed for student borrowers with a cosigner, and the Illinois College Family Loan, for parents of students.
- Available to all Illinois residents attending a not-for-profit Illinois institution.
- No fees
- Flexible in-school payment options
- Not all borrowers receive the lowest rate. If you are approved for a loan, the rate offered will depend on your credit profile and the term you select and will be within the ranges shown above assuming the auto-debit interest rate reduction applies.
Illinois No-Cosigner Loan
- Private student loans for borrowers without a cosigner
- No fees
- Flexible in-school payment options
- Not all borrowers receive the lowest rate. If you are approved for a loan, the rate offered will depend on your credit profile and the term you select and will be within the ranges shown above assuming the auto-debit interest rate reduction applies.
Rationale
The Student Empowerment Fund (SEF) is a program that facilitates low-rate private student loans for Illinois residents attending Illinois universities. It is not a content-driven personal finance education platform. The website focuses on explaining the loan options and eligibility, rather than providing educational articles, guides, or multimedia content on broader financial topics like investing, economy, crypto, or career advice. Therefore, it does not match any of the 'must-have' features of the Fluent in Finance Platform.
