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Personal Student Loans

Undergrad, grad student, or parent.
Get money for school.

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Need $1,000 for college?*

Win one of ten (10) $1,000 scholarships* for Fall 2020 education expenses!

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Student loans from Commerce Bank can help you make higher education happen, featuring:

  • Competitive interest rates

  • Multiple repayment options

  • No origination fees or prepayment penalty1

Student Loan Options

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Your Future Education Loan®

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Their Future Education LoanSM

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A suite of graduate loans, designed for specific fields, to help you pay for your school expenses.


Family Line of Credit

Provides the flexibility to borrow what you need when you need it.

When should I consider a private student loan?

It’s a good idea for you and your family to explore a wide variety of financing resources, beginning with personal savings, gift aid in the form of scholarships and grants, and federal and state student loans. After looking into your available resources, you may decide it makes sense to consider a private student loan to help close the remaining funding gap.

As with all loans, it’s wise to only borrow what you need and what you can afford to pay back later, so we encourage you to consider things like the anticipated monthly payments on your total student loan debt and expected future earnings when considering a private student loan.

Do I need to have a Commerce checking account to apply for a student loan?

No, you don’t need to have a Commerce checking account or any other Commerce product to apply.

I’m an international student. Am I eligible for a student loan?

Yes, you can apply for a Commerce student loan with a creditworthy cosigner who is a U.S. citizen or permanent resident. 

How do I make my payment?

Payments for Your Future Education Loan® and Their Future Education Loan® are made directly to our servicer, Sallie Mae. Like most bills, you can go the old-school route of sending a check, or you can conveniently pay online, by phone or through the Sallie Mae mobile app.
  • Online – Access your student loan account at and establish your payment preference
  • By phone – Call (800) 472-5543
  • By mail – Sallie Mae, P.O. Box 8459, Philadelphia, PA 19101-8459
  • By mobile app – Download the Sallie Mae app from the App Store or Google Play

What is Cost of Attendance?

Simply put, it’s the total amount it will cost you to go to a college/university each year. Cost of Attendance includes the tuition and fees, on-campus room and board (or housing and food allowance for off-campus students) and books, supplies, transportation, etc. The financial aid office at your school determines these expenses. 

What are certified student loans?

Certified loans involve an arrangement between Commerce Bank and your selected school to ensure that the money borrowed is used only for your education. Once Your Future Education Loan has been approved and you have accepted and signed the terms, the loan is sent to your school for certification. The school’s financial aid office will confirm your enrollment status, anticipated graduation date, your grades, and your requested loan amount. The loan funds should not exceed your school’s calculated cost of attendance minus any other aid or loan that you are receiving for that semester.

The school can certify the loan amount that you request, not certify the loan at all, or certify a lower loan amount,  but it can’t increase the loan amount. The school will also set the date that it wants to receive the money. The certification process typically takes 7 to 10 business days. Once complete, the funds are sent directly to the school.

What are uncertified student loans?

Unlike certified loans, the school does not need to approve your loan amount and the funds are sent directly to you. Of course that means you will have to do a little more work with this option to make sure your school gets paid on time. If you are thinking about an uncertified student loan to cover your student expenses, we recommend that you first exhaust all other options. Consider your savings, a part-time job, or help from your family before exploring an uncertified student loan. 

Student Loan Resources for Students and Parents


  1. Although we do not charge you a penalty or fee if you prepay your loan, any prepayment will be applied as provided in your promissory note: First to Unpaid Fees and costs, then to Unpaid Interest, and then to Current Principal.
    Your Future Education Loans, Commerce Bank graduate loans, and Their Future Education Loans are funded by Commerce Bank.
    Your Future Education Loans and Their Future Education Loans are a service mark or registered service mark of Sallie Mae Bank.

Important disclosure information

Your Future Education Loan (Undergrad)
Their Future Education Loan (Parent Loan)
Graduate Loan
Medical Loans
MBA Loans
Law Loans
Dental Loans

* NO PURCHASE OR ACCOUNT NECESSARY TO ENTER OR WIN AND WILL NOT IMPROVE YOUR CHANCES OF WINNING. Promotion is open to legal residents of the United States who are 18 years old or older at the time of entry and enrolled as a full-time or part-time (at least 6 hours) student at a post-secondary education institution, including, but not limited to, junior colleges and vocational schools, for the semester following the Promotion end date. You may also enter by mailing in an entry form or postcard with your name, mailing address, age, phone number and email address as well as registrant’s post-secondary educational institution to Commerce Bank/Scholarships, 1045 Executive Parkway Dr., St. Louis, MO 63141. Entries must be received by August 31, 2020. Approximate retail value of the prize is ten (10) $1,000 prizes; total Promotion MSRP is $10,000. Each prize will be awarded directly to the winner’s post-secondary education institution on behalf of the winner. For a copy of the Official Rules, visit or at Commerce Bank, 1045 Executive Parkway Drive, WOOP-SL, St. Louis, MO 63141.