Edly’s IBR Loan Timeline
- Get a quote
- Apply
- Get approved
- We pay tuition
- Focus on your education
- Graduate
- Start your career
- Make monthly payments
Apply
Get an instant quote and check to see if you are eligible to apply. Checking eligibility will not affect your credit score.
A full credit report will be drawn to evaluate your creditworthiness if you proceed with an application.
Get Approved
Edly will provide preliminary approval instantly. Once you are approved, we can fund for the current school term.
Receive Funding
Once your application is approved and loan documentation is signed, Edly pays tuition directly to your school.
Go to School
Keep your head down and your grades up! Focus on your education, not your tuition.
Start your career
Once you land a job paying above the minimum income threshold, you’ll start paying a percentage of your income back to Edly.
Payment Protection
If you lose your job or your income drops below the minimum income threshold, monthly payments are deferred.
Frequently Asked Questions
How is my investment taxed?
Checking your Edly IBR Loan rate does not impact your credit score. We’ll provide you with an estimate quote and rate.
How do I make my monthly payments?
Payments can be made over the phone via direct debit from a bank account. You can also make your payment by mailing a..
How much funding can I get from an Edly IBR loan?
Edly Student Loan products have funding limits of up to $15,000 per academic year and $10,000 for the summer semester, with a maximum lifetime borrowing amount of $30,000. If your school or program does not follow a traditional academic calendar, please select the funding period that most closely matches when you need the funds. The academic year runs from September through May, and the summer semester covers May through August. Funding limits for the Edly Career Training Loan product are customized based on your program’s costs.
Check Terms & Apply
Edly is currently taking applications from students in certain majors who are scheduled to graduate in the next two years from a select list of universities.
Nursing
Computer Engeneering
Business Management
Finance
Accounting
Why it matters
Take a look into our Student Impact report to see how Edly can make a difference.
Let’s get connected
Send a message or contact us directly with any questions.
