Private Student Loan Eligibility

In order for a borrower to be eligible for a private student loan, the student must:

• Must be enrolled at least half-time at an eligible school.
• Must be a U.S. citizen or permanent resident or have a cosigner who is.
• You must be the legal age of majority or at least 18 years of age with a cosigner who is legal age of majority.*
• Your permanent residence is NOT in Texas, Wisconsin, Washington, Illinois, or Iowa. (There is no state restriction for cosigners.) Residents of these states should review this alternative student loan.
• Many borrowers will need a cosigner. Borrowers without a cosigner must have at least 27 months of established credit history.

When to consider a cosigner

If you are concerned about being approved for a private student loan, or you do not have 27 months of credit history, you might want to consider strengthening your chances by adding a cosigner.

Apply Online for a Private Student Loan

* The legal age for entering into contracts is 18 years of age in every state except Alabama and Nebraska (19 years old), and Mississippi and Puerto Rico (21 years old).