Have questions? We’re here to help. Give us a call at (914) 775-8299.

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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FAQs

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) 785-8310. Our team is available 9:00am to 5:00pm ET, Monday to Friday.

Setup information

Loan Name and Lender

Edly Income-Based Loans, originated by FinWise Bank

Lender ID

558754

Loan Program Code

92E

Guarantor Name

1Logos

Guarantor ID

1LG

Return ID

1LG

Liason

Jose Guerrero (OneLogos)

Support Phone

1-800-897-5918

Support Email

studentloans@onelogos.com

Certification requirements

Required Enrollment Level

None

Status Level

Within two years of graduation

SAP Requirement

None

Loan Limits

$5,000 - $20,000 per academic year. $10,000 additional for Summer terms. $30,000 lifetime limit.

Application Expiration

30 days

Degree Seeking Requirement

Yes

Past-debt loans

Yes, as long as the student is currently enrolled

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.

Email

students@edly.info. Response time: 1-2 business days

Phone

+1 (914) 785-8310 9:00am - 5:00pm ET Monday-Friday

Mailing address

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

Live chat

9:00am - 5:00pm ET Monday-Friday

Program Details

General Information

Label Here

Edly Income-Based Loan

Servicer Name

Firstmark Services, a subsidiary of Nelnet

Product Type

Certified Private Loan

Index Type

Custom

Index Rate

0%

Disbursement to

School

Number of Disbursements

1

Available Loan Amount

$5,000 to $25,000

APR Range

0.25% to 23%

Financials

APR Range

0.25% to 23%

Repayment Rate

0.00%

Repayment Margin

0.00%

Deferment Rate

0.00%

Deferment Margin

0%

Origination Fee

0.00%

Repayment Terms

Repayment Type

Deferred while in school

Repayment Length

5 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

Yes

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For schools

Frequently Asked Questions