No cosigner
required
Students without a cosigner are over 3x more likely to get approved* with Edly than they are with a traditional lender.
Income-based payments, designed to be affordable
Edly’s payments are affordable by design, adjusting with your income.
Built-in
protections
If you lose your job, or your income drops below the minimum income threshold monthly payments are deferred**
Get funded. Fast.
30 seconds to check your eligibility and terms. Instant approval after that.
Check your terms
30 SECONDS
We’ll check to see if you meet our initial requirements, like school, major, and graduation date.
Apply for funding
2 MINUTES
Complete your application to get your official offer. Get pre-qualified without affecting your credit score.
Accept your offer
INSTANT
Review your final terms, accept your offer, and we’ll send your info over to your school for certification and disbursement.
Simple payments. Designed for you.
Learn now, pay later
School comes first. Payments start four months after graduation, and only when you’re earning more than $30,000.
Based on what you’ll actually earn
Your payments adjust with your pre-tax income. Lose your job? Get your payments deferred.
Simple, easy terms
Your loan is repaid once you make 60 payments, even if you’ve paid back less than you borrowed. Or, you can pay it off early at any time.
1,700+
Supported schools
100+
Supported majors
$75M+
Of tuition funded
Trusted by thousands of students like you
Industry-leading benefits
We’re not like the other guys
No cosigner required
No minimum credit score or credit history required
No interest rate
Instant approval
Income-based repayment
Fixed maximum repayment cap
Payments deferred upon loss of job
Responsive, personalized customer support
Edly Student IBR Loans are unsecured personal student loans issued by FinWise Bank, a Utah chartered commercial bank, member FDIC. All loans are subject to eligibility criteria and review of creditworthiness and history. Terms and conditions apply.
* According to a study by LendEDU (https://lendedu.com/blog/state-of-private-student-loans-report), the approval rate for students without a cosigner was 8.84%. Historical Edly application data shows more than 24% of applicants, who apply without a cosigner, meet our eligibility requirements.
** To defer payments, students must provide qualifying documentation, which may include historical or current paystubs or proof of job search.