Income-Based Repayment (IBR)
Cosigned
Career Training Loan
Designed for students pursuing certificates and/or career training in programs and schools including coding bootcamps, allied health and similar fields. Qualify in minutes and get the flexibility of income-based repayment with the added comfort of a cosigner.
Eligibility
Must be a U.S. citizen or U.S. permanent resident
Must be enrolled at a qualifying institution
Terms
Flexible monthly term length
Funding limits:
- Within 1 year of graduation: up to $130,000 (or total cost of program)
- Within 2 years of graduation: up to $50,000 (or total cost of program)
- $2,000 minimum loan amount
- $130,000 lifetime borrowing limit
Repayment
Modest in-school payments (as low as $100/month)
Income-based payments after program completion
You may release your cosigner in less than one year after program completion1
Flexibility and peace of mind
Get pre-qualified and start building your own credit with the comfort of a cosigner. You may release your cosigner in less than a year after program completion1 .
Affordable repayment
Make small in-school payments, followed by flexible income-based payments after you finish school.
Rewards and benefits
Earn rewards for enrolling in AutoPay, making on-time payments, and using free resources like financial literacy and wellness training and budgeting tools.
Check your rate and apply
Create your account to get an instant quote and check to see if you are eligible.
Tuition is paid to your school
Once your application is approved and loan documentation is signed, the funds are sent directly to your school.
Focus on your education
Keep your head down and your grades up! Focus on your education, not your tuition.
Start your career
Make monthly payments based on a percentage of your income after you complete your program.
Frequently Asked questions
Want to apply
without a cosigner?
If you prefer a loan without a cosigner, consider applying for the Edly IBR No Cosigner Career Training Loan. In the event that you are not approved, you’ll automatically be given the option to add a cosigner and apply for the Edly IBR Cosigned Career Training Loan.
