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Income-Based Repayment (IBR)
Cosigned
Student Loan
Designed for students in qualifying college and university programs (freshmen through graduate students) who want the flexibility of income-based repayment but prefer the added comfort of a cosigner. Qualify in less than five minutes!
Eligibility
Must be enrolled at least half-time at a qualifying institution
Must be a U.S. citizen or U.S. permanent resident
Most academic classes - sophomores, juniors, seniors and graduate students
Terms
84 month term length
Funding limits:
- $2,500 -15,000 per semester
- $10,000 summer semester limit
- $30,000 lifetime borrowing limit
Repayment
Modest in-school payments
(as low as $25/month)
Income-based payments after graduation
You may release your cosigner less than one year after graduation1
Flexibility and peace of mind
Get pre-qualified and start building your own credit with the comfort of a cosigner. You may release your cosigner in less than a year after your graduation date1 .
Affordable repayment
Make small in-school payments, followed by flexible income-based payments after you finish school.
Rewards and benefits
Earn rewards for enrolling in AutoPay, making on-time payments, and using free resources like financial literacy and wellness training and budgeting tools.
Check your rate and apply
Create your account to get an instant quote and check to see if you are eligible.
Tuition is paid to your school
Once your application is approved and loan documentation is signed, the funds are sent directly to your school.
Focus on your education
Keep your head down and your grades up! Focus on your education, not your tuition.
Start your career
Make monthly payments based on a percentage of your income after you complete your program.
Frequently Asked questions
Student resources
How Repayment Plans Impact Total Amount You Pay
Selecting the right student loan repayment plan can impact your ability to pay student loan debt. Here are your repayment plan options…
A 2023 Guide to Your Student Loan Options
We provide some clarity about student loan interest rates and repayment plans to help you decide on the best student loan option...
Student Loan Misconceptions
Taking on student loan debt can feel overwhelming… We hope this list of misconceptions puts you at ease and prepares you to choose the right...
Want to apply
without a cosigner?
If you prefer a loan without a cosigner, consider applying for the Edly IBR No Cosigner Student Loan. In the event that you are not approved, you’ll automatically be given the option to add a cosigner and apply for the Edly IBR Cosigned Student Loan.
