Two flexible loan options
POPULAR
Income-Based Repayment (IBR)
No Cosigner
Student Loan
Income-Based Repayment (IBR)
Cosigner
Student Loan
(as low as $100/month)
How Income-Based
Repayment Works
We’re not like the others
With many traditional fixed-rate or variable rate student loans, a student’s monthly payment does not change based on the borrower’s income. In other words, the student is expected to make the payment regardless of whether they are unemployed or have failed to secure a good-paying job.
A safety net for you
Payments with IBR loans through Edly adjust based on the borrower’s income, and allow borrowers to apply for loan forbearance2 if they lose their job or make below $30,000 annually. Payments are recalculated annually based on an income-based percentage of the borrower’s current annual salary.
Get funded. Fast.
Get funded.
Fast.
Check your terms
We’ll check to see if you meet our initial requirements, like school, major, degree and graduation date. Based on your school details and academic standing, you will be presented with the loan option(s) that are available to you.
Apply for funding
Complete your loan application to be considered for your official offer. You can get pre-qualified without affecting your credit score. If you don’t pre-qualify on your own, you can easily add a cosigner.
Accept your offer
Review your final terms, accept your offer, and we’ll send your info over to your school for certification and disbursement.
Key benefits
Financial literacy and wellness tools and resources available for free on your Edly dashboard
Get access to Edly's Student Success Team for study prep and other assistance
Build your credit with or without a cosigner
Student resources
How to Supplement Federal Student Loans
The cost of attendance for higher education continues to rise every year. With that, it is more important than ever that you carefully consider your loan options…
Student Loan Options Without a Cosigner
Many undergraduate and graduate students encounter a specific challenge when applying for a private student loan: many such loans require a cosigner…
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...
