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Get your students the funding they need

No-cosigner student loans with income-based repayment

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Loan Processing

Customer Service

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Loan Processing

Edly Student IBR Loans are unsecured personal student loans issued by FinWise Bank, a Utah chartered commercial bank, member FDIC.

Certification methods

  • ELMOne
  • Great Lakes ScholarNet
  • Fax

Disbursement methods

  • ELMOne
  • Great Lakes CDS
  • Individual paper check

For additional information or to confirm your processing setup, please contact us at (914) 775-8299. Our team is available 8:00am - 7:00pm ET, Monday - Friday.

Setup information

Loan Name and Lender

Edly Income-Based Loans, originated by FinWise Bank

Lender ID


Loan Program Code


Guarantor Name


Guarantor ID


Return ID



Jose Guerrero (OneLogos)

Support Phone


Support Email


Certification requirements

Required Enrollment Level

There is a half-time enrollment requirement.

Status Level

Available to undergraduate juniors and seniors, graduate students, or students who are within two years of graduation for specific programs

SAP Requirement

Yes. Students must at least meet your school’s SAP guidelines to be eligible for an Edly student loan.

Loan Limits

$5,000 - $15,000 per academic year. $10,000 additional for Summer terms. $25,000 lifetime limit. The minimum amount schools must certify for is $2,000.

Application Expiration

30 days

Degree Seeking Requirement


Past-debt loans

Yes, Edly student loans may be applied to past semesters and past due balances, but only if the student has not graduated or withdrawn from the university. The school may decide to allocate funds to past semesters at their discretion if the student has not graduated or withdrawn. Edly can fund past due balances up to one year in the past.

Cancelations and Refunds

Once an application has been canceled (either by the student, the school or by Edly), the application cannot be reinstated. The student will have to reapply if funds are needed. Interest will be charged for cancelations or refund requests received more than 1 month from disbursement date.

Customer Service

Our team is available to answer questions you or your students may have. If you’re a student, please use our contact page or email students@edly.info.


Response time: 1-2
business days


+1 (914) 775-8299 Ext. 2
8:00am - 7:00pm ET
Monday - Friday

Mailing address

Edly Inc.
555 Pleasantville Rd, STE N202
Briarcliff Manor, NY 10510

Live chat

8:00am - 7:00pm ET
Monday - Friday

Program Details

General Information

Label Here

Edly Income-Based Repayment Loan

Servicer Name

Firstmark Services, a subsidiary of Nelnet

Product Type

Certified Private Loan

Index Type


Index Rate


Disbursement to


Number of Disbursements


Available Loan Amount

$5,000 - $15,000 per academic year. $10,000 additional for Summer terms. $25,000 lifetime limit.


APR Range

0.25% to 23%

Repayment Rate


Repayment Margin


Deferment Rate


Deferment Margin


Origination Fee


Repayment Terms

Repayment Type

Deferred while in school

Repayment Length

7 years

Grace Period

4 months

Cosigner Release

No cosigner required

On-time Payments

Within 5 days of due date. Late fees assessed after 5 days.

Past Due Balances Applied


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For schools

Frequently Asked Questions