888-4MY-EDLY
Income-Based Repayment (IBR)
No Cosigner
Career Training Loan
Designed for students pursuing certificates and/or career training in programs and schools including coding bootcamps, allied health and similar fields. Qualify in minutes for a career training loan.
Eligibility
Must be a U.S. citizen or U.S. permanent resident
Must be enrolled at a qualifying institution
Terms
Flexible monthly term length
Funding limits custom to program cost
Repayment
Payments begin after graduation
$30,000 minimum income threshold
What is an IBR loan?
We’re not like the others
With many traditional fixed-rate or variable rate student loans, a student’s monthly payment does not change based on their income. In other words, the student is expected to make the payment regardless of whether they are unemployed or have failed to secure a good-paying job.
A safety net for you
Payments with IBR loans adjust based on the borrower’s income, and allow borrowers to apply for loan forbearance1 if they lose their job or make below $30,000 annually. Payments are recalculated annually based on an income-based percentage of the borrower’s current annual salary.
Check your rate and apply
Create your account to get a 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.
Key benefits
No cosigner required
Get pre-qualified without affecting your credit score. If approved, loan funds are sent directly to your school.
Flexible, income-based repayment
Make no payments while in school, then make flexible income-based payments once you finish school and land a job.
Reward 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.
Frequently Asked questions
Want to apply
with a cosigner?
The IBR Cosigned Career Training Loan is for borrowers who may qualify on their own but want the flexibility of income-based repayment and prefer the added comfort of a cosigner.
