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The SayStudent Private Student Loan
Add a Co-Signer to the Application
You can improve your chances of receiving money you need for college and reduce your costs of borrowing with lower rates and repayment fees by applying for your private student loan with a qualified cosigner such as your parent or another.
Most students will add cosigners to the private student loan application. Unlike other federal student loans and grants, you won't be turned down because your cosigner has too much money.
When you apply online, you can take advantage of our "Application Save" feature. You can come back anytime to complete your application, add cosigner information, and then submit your application.
You Need to Meet the Following Credit Qualifications
If you'd like to apply for a private student loan with or without a qualified cosigner, you will need to meet the following requirements:
- applicant OR cosigner must meet a minimum FICO requirement in addition to other credit requirements
most students will need a qualified cosigner to be approved
- an applicant who is "conditionally denied" can attempt to add a cosigner up to 60 days after applying without having to re-apply
if a cosigner is added and the credit is unsatisfactory, a student can attempt to add a different cosiger.
- a credit check on the applicant will not be done each time a cosigner is added within the 60 day period. 60 day period begins the day the borrower submitted the application.
- income verification may be required depending on loan size and credit score (employment verification is not required).
- student must be the legal age of majority or at least 17 years of age with a Cosigner who is legal age of majority 8
Parents Can Help
Many students who apply with a qualified cosigner have a better chance of being approved and receiving better pricing.
Parents can help students get qualified, receive better pricing and build a strong credit history by co-signing their SayStudent private student loan application. After meeting certain requirements in 48 months, co-signers can be released from the loan agreement: see more information about co-signer release and requirements
Steps to Getting the Money You Need
- Start entering your funding request by applying online
Enter what information you know without submitting. Make note of any additional information that you need to gather.
Save the application.
You can return anytime to finish the application.
- Since many first-time students will not meet the credit qualifications of income and credit history, they will need a co-signer such as their parents or another to co-sign for the private student loan.
The co-signer can retrieve your saved application and enter the co-signer's information.
- Once your private student loan application is completed, you can submit it for processing. You will receive a preliminary review instantly.
- If you have been "conditionally denied" the loan, you have up to 60 days to add different cosigner if needed.
Once you are preliminarily approved, you will receive information on how to process your loan - e-sign, fax or hard copy. Additionally, you will need to fax or send into processing proof of enrollment, and other documents to finalize approval (the faster you send in the information, the faster your loan application will be processed).
- Upon receipt of your completed and signed loan documents, your private student loan funds will be sent directly to you in as little as 5 business days.
If you have any questions, you may dial toll-free a financial specialist who can address any concern:
dial toll-free: (number listed on your application)
don't wait another minute!
finance your college future now!
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