Is Edly the right fit for your student loan needs? Our experts have done the legwork, so you don't have to. Check out our in-depth review of Edly's private student loan offerings.

Edly: private student loans review

I have DACA or Asylee status. Am I eligible for an Earnest loan?

Will Earnest penalize borrowers for early loan repayment?

Can international students apply for a loan with Earnest?

Here are some of the most common questions we get asked about Earnest.

Frequently asked questions

Edly PSL Review

Explore our comprehensive Earnest private student loan review, where we examine interest rates, repayment options, eligibility criteria, and additional benefits. 

Earnest: private student loans review

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Earnest PSL Review

Trust Sallie Mae to be your partner in education. Their diverse loan options and helpful resources make financing college a seamless process.

[Draft] Sallie Mae PSL

We did the time-consuming research so you don’t have to! Our editors then condensed and organized that research into this simple review to make your student loan decision easy.

Ascent: private student loans review

What is an outcomes-based loan?

Are graduate students eligible for larger loan amounts?

What are the specific financial benefits for borrowers?

Let's dive into a few additional queries you might have about Ascent Funding. Here are some FAQs to supplement the information provided earlier.

Frequently Asked Questions

Ascent PSL Review

Rates shown are for the College Ave Undergraduate Loan product and include autopay discount. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. Variable rates may increase after consummation.

Yes. If the borrower meets the criteria, including that half of the original repayment term must have elapsed, they can submit an application requesting to remove their cosigner from the loan.

While not required, if you don't have enough credit history or income (most undergraduates don't), you will likely need to apply with a cosigner to be approved for a CollegeAve student loan.

Apply in as little as 3 minutes and get an instant credit decision

6 months for undergraduate loans and 9 months for most graduate loans.

As certified by your school and less any other financial aid you might receive. Minimum $1,000

The minimum amount that you can borrow with College Ave is $1,000.

College Ave

You can apply to release your cosigner after you graduate or complete your certificate, make 12 on-time principal and interest payments, and meet certain credit requirements*

Consider adding a cosigner: Student are nearly 4X more likely to be approved with a cosigner3 and it may help you get a better rate.

4 months of Chegg study included in your undergraduate loan

Apply and get a credit decision in about 10 minutes

Loan amount cannot exceed the cost of attendance less financial aid received, as certified by the school. Sallie Mae reserves the right to approve a lower loan amount than the school-certified amount. Miscellaneous personal expenses (such as a laptop) may be included in the cost of attendance for students enrolled at least half-time.

Covers up to 100% of school-certified expenses

Sallie Mae Applications are subject to a requested minimum loan amount of $1,000

Sallie Mae

Variable rates starting at 1.78% APR (including 0.25% Auto Pay discount)*

Earnest does not currently offer the option to release a cosigner from the loan; however, they do offer a refinance product that can be used to refinance student loans into the student’s own name without a cosigner upon graduation and subject to eligibility requirements.

Students are 4X more likely to get approved with a cosigner.

Skip a payment once per year (once repayment period restarted)**

9 month grace period (3 months more than most lenders)***

Loans start at $1,000 (unless specified by the state of residence) and can be up to your entire cost of attendance for the academic year, on approved credit.

Covers up to 100% of the school's certified cost of attendance.

Earnest private student loans start at $1,000 (unless specified by the state of residence.)

You can check your rates in 2 minutes with Earnest.

Earnest

Sign up for automatic payments and lower your interest rate by 0.25%

Discover originated loans do not provide an option for cosigner release. Cosigners are responsible for the life of the loan.

Even if the student qualifies for a private student loan on their own, applying with a creditworthy cosigner may improve the likelihood for loan approval and the student may receive a lower interest rate.

6 months for undergraduate students and 9 months for graduate students.

For undergraduate and graduate student loans and parent loans, you can borrow up to 100% of the school-certified cost of attendance (including tuition, housing, books and more) minus other financial aid. Aggregate loan limits apply. The minimum amount is $1,000 for each loan.

Cover up to 100% of college costs. Aggregate loan limits apply

The minimum amount is $1,000 for each loan.

Discover

Yes, if the primary applicant was the age of majority in their state* when they took out the loan. Upon 24 months of full principal and interest payments, the student may apply to remove the co-signer.

*The age of majority is 18 in all states except for Alabama, Nebraska (19), and Mississippi (21).

No, but rates for undergrads are typically higher without a cosigner and it might even help you qualify for a lower interest rate.

Apply and get a credit decision in 3 minutes.

Loans start at $1,000 and can cover up to 100% of school-certified costs, which typically includes things like tuition, room and board, and other education expenses.

Borrow up to 100% of school-certified costs, which typically includes things like tuition and food, books, supplies, room and board, and other education expenses.

The minimum you can borrow with SoFi is $1,000.

SoFi

Borrowers can get either a 0.25% (for Credit-Based Loans) or 1.00% (for Undergraduate Outcomes-Based Loans) interest rate reduction if payments are made by automatic payment.

After graduating, you may be eligible for 1% of your loan back as a cash reward

Tell your friends about Ascent, and you could earn up to $525 as a referral bonus

After making 24 consecutive, regularly scheduled, full principal and interest payments on time while also meeting the other eligibility criteria to qualify.

Every student’s situation is different, so if you can’t qualify for a loan in your own name, a cosigner can help.

9 months grace period after school. Thatnulls three more than most private lenders give you!

Students looking for flexible repayment terms and additional funding benefits

Not all borrowers can access non-cosigned options
Some loan options come with high APRs
Parent student loans aren't offered
No loan pre-qualification tool

In the unfortunate event of death or total and permanent disability, the loan is forgiven

You can apply to pause payments during times of financial difficulty for a cumulative maximum of 24 months

No need to start making payments until 9 months after graduation

Apply to temporary delay payments while taking classes so that you can focus on your education

Only make interest payments until after you graduate and your grace period ends

The maximum loan amount is limited to the total cost of attendance for a period not to exceed one full academic year, less any financial aid, as certified by your school.

Once your loan has been disbursed, loan accounts are handled by the third-party loan servicer, Launch Servicing.

Maximum for academic year:
 - $200,000 for Undergraduate and Graduate Credit-Based Loans
 - $20,000 for Undergraduate Non-Cosigned Outcomes-Based Loans

If you are serving on active duty, you can apply to delay payments for up to 36 months cumulative

You must be at least 18 years or the age of majority in your state of residence

You must be a college junior or senior enrolled full-time or half-time within 9-months of graduation in a degree program

Ascent private student loans start at $2,001.

DACA and international student options available
Forbearance options for up to 24 months (cumulative)
No cosigner required
Higher-than-average autopay discount

You only need make a small $25 monthly payment until your grace period ends

Meet your school’s Satisfactory Academic Performance (SAP) with a 3.0+ GPA or greater

Borrowers must attend an eligible, degree-granting school, but can be enrolled in a non-degree program (like a certificate program

Available to borrowers in all 50 states and Washington, D.C.

Ascent

When repayment starts, set up automated payments and cut .25% off your interest rate.

A request for cosigner release can be made after 24 consecutive, on-time principal and interest payments and if other eligiability criteria are met.

Nelnet Bank borrowers may receive a lower interest rate on their loan for having a cosigner, which lowers their monthly payment and overall costs.

Undergraduate private student loans start at $1,000 and may cover up to $125,000.

Borrow up to $125,000 in undergraduate private student loans with NelNet Bank.

NelNet Bank private student loans start at $1,000.

NelNet Bank

Receive a 0.25% interest rate reduction on your Citizens student loans when you sign up for automatic payments.

You can apply for cosigner release after making 36 consecutive on-time principal and interest payments and meeting other Citizens eligibility criteria.

With a cosigner (usually a parent or close family member), you’re more likely to get approved for a bigger loan and a lower interest rate

You will be eligible for a 0.25% interest rate reduction on your loan if the you (or your cosigner) have a qualifying account in existence with Citizens at the time of submitting a completed application and authorizing Citizens to review your credit request for the loan.

You may be eligile to borrow from $1,000 up to either the maximum qualified loan amount or the total cost of education, whichever is lower.

You may borrow up to the maximum qualified loan amount or the total cost of education, whichever is lower.

The minimum amount that you can borrow with Citizens is $1,000.

Citizens

At this time, Edly does not have the ability to add a cosigner to a student's application.

Total payments are capped, so you’ll always know the maximum you might owe

Complete your application to get your official offer in 2 minutes.

You can borrow $5,000 up to $20,000 per academic year ($10,000 for summer semesters), with a $30,000 lifetime borrow limit.

Edly private student loan limits are $20,000 per academic year or $10,000 per summer semester, with a $30,000 lifetime borrow limit.

The minimum amount that you can borrow with Edly is $1,000.

30 seconds to check your eligibility and terms.

Edly

Removal of a cosigner from an Education Loan Finance loan is not possible, but you can apply for a new loan that does not include your cosigner.

A cosigner with a good credit history and income can improve your chances of obtaining a private student loan if you have limited credit history and income.

Student Loan Advisor to guide you through the application process.

Covers anywhere from $1,000 up to 100% of your school-certified cost of attendance.

The ELFI Private Student Loan program can cover up to 100% of your school-certified cost of attendance. The cost of attendance typically includes tuition, books, supplies, room and board, transportation, and personal expenses.

The minimum amount required per private student loan is $1,000 for ELFI.

ELFI

There's an autopay sign-up interest discount of 0.5% and after 6 on-time automatic payments there's another 0.5% discount, for a potential total of 1.0%.

MPOWER does not consider cosigners or co-applicants. Loan decisions are made based on the student's future potential and a review of any existing credit history of the student.

$2,001 up to $50,000 per loan and a $100,000 lifetime limit.

MPOWER private student loans can cover up to $50,000 per loan, with a $100,000 lifetime borrow limit.

The minimum amount that you can borrow with MPOWER is $2,001

MPOWER Financing

$100 statement credit when you open a Candidly account and link this loan¬π

Provides access to Candidly, a leading student loan management and paydown provider

Earn cash back rewards from merchants that are applied directly to the student loan

College Finance

No need to spend hours researching student loans. Our team has simplified the process with easy-to-read lender reviews to help you find the best match for your needs.