Frequently Asked Questions about Education Loans
Here are the answers to some of the most commonly asked questions about education loans. If you have further questions, please let us know via our “Contact Us” page.
Am I eligible for education loans?
Virtually everyone is eligible for some type of education loan, whether that’s subsidized or unsubsidized, need-based or non-need-based. Not all loans are credit-based, either, so you can still qualify for many education loans even with derogatory items on your credit. The best way to determine what you are eligible for is to fill out our free application for education loans and the FAFSA.
Can I apply for education loans online?
Absolutely! In fact, we have streamlined our application and lending process to that you can complete it entirely online. You can even sign your application electronically with our e-signature technology. Our representatives will contact you via telephone for verification purposes to complete the process.
Can I apply for federal loans via your website?
Yes. Though some types of loans are federally-sponsored, they are actually disbursed by private lenders just like us. The federal loans for which you can apply include Stafford loans, PLUS loans for graduate students, PLUS loans for parents, and Federal Consolidation Loans.
How will my credit affect my education loans?
This will depend on the kinds of education loans for which you apply. For Federal Stafford and Consolidation loans, there is no credit check required. For parents applying for a Federal PLUS loan or as co-signers on a private education loan, there will be a credit check. Federal PLUS loans for graduate students also require a credit review. If you do not have good credit or a job but would still like to get a private education loan, you can apply with a co-signer, like a parent, who has good credit and meets the income requirements.
How much money can education loans provide me?
Education loans can cover up to the full cost of your expenses per year. Our borrowing limits are unbeatably generous, as we include transportation, travel, computer expenses, etc. in your total cost of attendance.
