FAQs
Have questions? Find answers to your frequently asked questions about Edly.
About Edly
Who is Edly?
What type of loans are offered?
How do I contact Edly?
How do I get in contact with the Edly loan servicing department?
Application process
How do I apply?
How long does the application process take?
What is an income-based repayment (IBR) loan?
How can I check on the status of my application?
Can I make edits to my application?
Can I use this loan for a past due balance?
What are the benefits of an IBR No Cosigner Student Loan?
What are the benefits of an IBR No Cosigner Career Training Loan?
What are the benefits of adding a cosigner?
What is “cosigner release?”
How long does it take for my school to get the funding?
Do you run a credit check?
How do I upload my transcript?
Eligibility
How do I see if I am eligible?
How much funding can I get from an Edly IBR loan?
What is the difference between an IBR No Cosigner Student Loan and an IBR Cosigned Student Loan?
Can international students apply?
What are the enrollment requirements?
What if I can’t find my school?
What if my state is not listed?
Repayment
How do I make my monthly payments?
Do I have to make in-school payments?
How can I set up AutoPay?
How can I request forbearance?
When do payments begin?