The following steps are required to complete a private student loan application:
- Borrowers complete the loan application via our easy-to-use Online Application
- If applying with a Cosigner, Cosigners are invited to complete their portion separately
- Borrowers and Cosigners will be required to upload documents for review/verification of information provided
- Signing of Promissory Note by Borrower and Cosigner
- Lender review of loan application to determine if the loan application may be approved
- If approved, Borrower will be required to accept the loan via the Loan Approval Disclosure in the Borrower Portal (Borrowers are notified via email when to log in to complete this step)
- If approved, a notification will be sent to school to certify Borrower’s enrollment. We will facilitate this step and notify the Borrower when it has been completed by the school.
- Funds will be sent directly to the school to complete the loan application
- Borrowers will be notified by the lender/loan servicers when payments will begin, based on the repayment option selected during the application process
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