Get your students the funding they need
No-cosigner student loans with income-based repayment
Proud partners of
Loan Processing
Customer Service
Download Materials
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.
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
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%
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 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
Download Materials
For schools
Edly Student IBR Loans are unsecured personal student loans issued by FinWise Bank, a Utah chartered commercial bank, member FDIC. All loans are subject to eligibility criteria and review of creditworthiness and history. Terms and conditions apply.
* According to a study by LendEDU (https://lendedu.com/blog/state-of-private-student-loans-report), the approval rate for students without a cosigner was 8.84%. Historical Edly application data shows more than 24% of applicants, who apply without a cosigner, meet our eligibility requirements.
** To defer payments, students must provide qualifying documentation, which may include historical or current paystubs or proof of job search.