What's the overall process for a Student or Parent loan?

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Last Updated: June 30, 2022

Undergraduate or Graduate loan:

Either the student or cosigner, if you’re using one, can start the application process. You'll get a link to invite the other person. Once you submit the application, you'll receive a credit decision immediately.

Once you’re approved and have completed all the required steps, we'll send your loan to your school for them to certify. The school will verify enrollment and the loan amount based on your cost of attendance.

After your school certifies your loan, we’ll send the money directly to your school based on the schedule they set.

The entire process can take as few as 10 business days but may be longer depending on your school.

Parent loan:

Once you submit the Parent application, you’ll receive a credit decision immediately.

Once you’re approved and completed all the required steps, we'll send your loan to your school for them to certify. The school will verify enrollment and the loan amount based on your cost of attendance.

After your school certifies your loan, we’ll send the money directly to your school based on the schedule they set.

The entire process can take as few as 10 business days but may be longer depending on your school.

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