Loan Processing
Customer Service
Download Materials
FAQs
Edly Student IBR Loans are unsecured personal student loans issued by FinWise Bank, a Utah chartered commercial bank, member FDIC.
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.
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
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
Yes
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Edly student loans may be applied to past semesters and past due balances, but only if the student has not graduated or withdrawn from the university. The school may decide to allocate funds to past semesters at their discretion if the student has not graduated or withdrawn.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.
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.
schools@edly.info
Response time: 1-2
business days
+1 (914) 775-8299 Ext. 2
8:00am - 7:00pm ET
Monday - Friday
Edly Inc.
555 Pleasantville Rd, STE N202
Briarcliff Manor, NY 10510
8:00am - 7:00pm ET
Monday - Friday
Label Here
Edly Income-Based Repayment 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 - $15,000 per academic year. $10,000 additional for Summer terms. $25,000 lifetime limit.
APR Range
0.25% to 23%
Repayment Rate
0.00%
Repayment Margin
0.00%
Deferment Rate
0.00%
Deferment Margin
0.00%
Origination Fee
0.00%
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
Yes