914-775-8299
Income-Based Repayment (IBR)
No Cosigner
Student Loan
Designed for students in qualifying college and university programs who wish to apply without a cosigner. Qualify in minutes!
Eligibility
Must be enrolled at least half-time at a qualifying institution
Must be a U.S. citizen or U.S. permanent resident
Must be majoring in a supported program
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 $10/month)
Income-based repayments begin upon graduation
$30,000 minimum income threshold
No cosigner required
Get pre-qualified without affecting your credit score. If approved, loan funds are sent directly to your school.
Income-based payments, designed to be affordable
Choose your in-school payment amount (as low as $10/month), then make flexible income-based payments once 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
with a cosigner?
Edly also offers the Edly IBR Cosigned Student Loan for borrowers who may qualify on their own but want the flexibility of income-based repayment and prefer the added comfort of a cosigner.
