For more information about this year’s Dreamers Graduate Loan Program, open exclusively to Graduate students with active DACA or TPS status, please visit:

Dreamers Graduate Loan Program: Information for Students

Eligible borrowers must either be previous Dreamers Graduate Loan Program recipients, or scholarship recipients of TheDream.US, Equal Chance for Education, or Golden Door Scholars.

Funding U offers a range of partnerships and benefits designed to connect theory with practice, helping students prepare for successful careers.

Parker Dewey partners with Funding U to connect students with paid micro internships across the U.S. Remote and on-site opportunities available:
https://info.parkerdewey.com/funding-u

Grad Ready offers financial education and management tools for borrowers:
https://gradready.com/sponsor/funding-u

Funding U Blog features articles with helpful tips on paying for college, networking, job interview prep, and more:
https://www.funding-u.com/blog/

As a special congratulations to our borrowers, we are sending $100 Amazon gift cards to those eligible for our Graduation Reward Program.

If you previously received a Funding U loan and have now graduated, email us at info@funding-university.com and include:
– Proof of graduation date
– Final transcript
– A copy of your degree

Learn more about the 2025-2026 Graduation Reward Program:
http://www.funding-u.com/downloads/graduation_reward.pdf

Rules and Guidelines

Existing borrowers can earn a $200 Amazon gift card for referring a friend to Funding U. No limit applies. To be eligible, your referred student must apply via your referral link and have their Funding U loan approved and successfully funded. Bonuses are sent to the email address used for the referring borrower’s loan.

Sign in here to get your referral code:
https://www.funding-u.com/v3/users/returning

Learn more about the 2025-2026 Borrower Referral Program:
http://www.funding-u.com/downloads/borrower_referral.pdf

We do not offer any refinancing options at this time.

Funding U offers a variety of options for students facing hardship and for those looking to continue their education after graduation.

Borrowers can request postponement in 90-day increments for verifiable reasons like temporary hardship with no minimum monthly payment required during this time. This postponement can be up to a total of 12 months for In-School borrowers and up to 24 months for borrowers in Principal and Interest Repayment.

Postponements may be applied automatically in certain cases, including:
– Bankruptcy: Unlimited term; interest may be capitalized
– Death: Loan principal and interest forgiven
– Administrative: 60-day term for operational needs; interest may be capitalized
– Natural Disaster: Up to 3 months; interest may be capitalized
– Temporary Total Disability: Initial 6 months, up to 24 months with medical certification; interest may be capitalized
– Total Permanent Disability: 6-month term, up to 60 months with medical certification; interest may be capitalized
– Late School Notification: Unlimited term; interest may be capitalized
– Active Military Duty: Unlimited term; interest may be capitalized

All requests should be made directly, verbally or in writing, with the servicer Launch via the Launch Borrower Portal:
https://borrower.launchservicing.com/Login.aspx?ReturnUrl=%2f

Launch, your loan servicer, issues 1098 forms to all Funding U borrowers for the most recent calendar year, regardless of what amount of interest you paid last year. 1098 forms typically arrive in the mail between late January and early February.

Home

Note: Per IRS requirements, lenders/servicers are only required to send you a 1098 if your total interest paid exceeds $600 in a calendar year. If you have other private lenders they may not issue a 1098 but you can still deduct all student interest paid on your personal taxes. Please consult a tax professional for more information.

We recognize that financing your education is a big decision, and while our loans don’t require a cosigner, we encourage parental or trusted adult support.

Here’s what you need to know about Funding U:
– We offer non-cosigned loans, with the student as the borrower
– Parental credit history or financial situations don’t affect the student application review
– We’re only authorized to discuss pre-qualification, applications, and loan details directly with the student applicant
– Funds disburse directly to the eligible school

Borrowers can authorize a trusted individual to discuss loan details on their behalf by requesting the 3rd Party Authorization form via email at info@funding-university.com.

If you were previously ineligible and your information has changed, you may reapply. If you think you may have made an error while entering your information, please reach out to us ASAP by email or chat. We also encourage you to apply again the next semester if you are not approved.

We understand that plans change. We recommend connecting with your school ASAP to return any excess loan funds to us or simply making a payment toward your loan through the servicer, Launch.

Keeping unneeded funds for future semesters may affect your ability to receive financial aid and impact your approval chances for future loans.

If you haven’t been funded yet, but want to change your loan amount, please contact us right away. Keep in mind, changing your loan amount may affect your eligibility. Additionally, Funding U loans are certified by your school, so your final loan amount may differ from your approved amount based on what need your school confirms. Once you have signed your loan documents, all change requests must come directly from your school.

The Funding U portal can be used to complete your application, upload documents, check your status, and more.

To access your account, click Sign In, and enter the email address used to apply to receive a secure login link.

For assistance please contact us at info@funding-university.com.

To be eligible for a Funding U loan, you must be either a U.S. citizen, permanent resident, or DACA recipient studying within the U.S. International students are not eligible at this time.

For International students and those studying outside of the U.S., we recommend checking your eligibility with our partner MPOWER Financing:

Get A Loan

Undergraduate students may borrow one Funding U loan per academic year. Our loan amounts range from $3,001 – $20,000, with minimum amounts based on the state of residence.

Student loans of up to $20,000 for the 2025-2026 school year will be available to residents of the following states. Terms and conditions vary by state and grad year.

Alabama
Arkansas
Arizona
California
Colorado
Connecticut
Delaware
Florida
Georgia
Hawaii
Illinois
Indiana
Iowa
Kansas
Louisiana
Maryland
Massachusetts
Michigan
Minnesota
Missouri
Nebraska
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont
Virginia
Washington
West Virginia
Wisconsin

We are currently in the process of adding more eligible states. If your state of residence is not on the list, please check back soon.

We currently lend to full-time undergraduate students at 1450+ not-for-profit schools within the U.S. You can confirm if your school is eligible by beginning the application.

If you have a hold on your student account due to outstanding balances, it may limit access to receiving your official transcript or registering for classes.

We need your full transcript to assess your academic progress for loan approval. Official or unofficial transcripts are accepted, but degree audit forms or term grade reports are not.

While a hold doesn’t disqualify you, remember our loans cover charges from the current academic year only. Reach out to your school directly to discuss options if you have a hold in place.

For undergraduate loans in the 2025-2026 school year, interest rates range from 8.49% to 13.99% with an optional 0.5% rate discount offered with autopay. Interest accrues from the first disbursement, with fixed rates ensuring your monthly payments stay constant throughout repayment.

Our loans require in-school monthly payments, with options for 5-year or 10-year repayment terms. In-school payments are at a reduced rate of either $20 minimum or an Interest-Only amount. There are no additional fees or pre-payment penalties.

Traditional repayment begins six months after graduation, but you can start earlier if you leave school or drop to part-time status. Extra payments are welcome and can lower your balance without penalty. We report your in-school payments to credit bureaus, potentially boosting your credit score.

The lowest rate shown is available only to upperclassmen with outstanding academic performance and is not typical for most borrowers. Actual rate offered will depend on creditworthiness and other factors, such as your school year, GPA, and state of residence.

See more:
https://www.funding-university.com/downloads/OurLoans.pdf
https://www.funding-u.com/downloads/UndergradPELDisclosure

We understand that your credit score doesn’t define you, especially as an undergraduate student. Instead of relying on FICO scores, we look at documented credit issues like missed payments and collections.

We start with just a soft credit pull for pre-approval, and the hard pull happens after you’ve fully submitted your application.

As always, Funding U loans are non-cosigned, meaning your family’s credit history will not impact your application at all.

Step 1: Eligibility
Apply to see if you’re eligible for a Funding U loan

Step 2: Pre-Approval
– Confirm your needed loan amount
– Upload required documents
– Submit for review

Step 3: Application Review/Underwriting
– Keep an eye on your portal and email for additional information requests

Step 4: Approval
– Receive your loan offer and sign loan documents once ready to move forward
– All Freshmen and other students as needed will be required to meet with a Loan Advisor prior to approval

Step 5: Certification
– Details are sent to your school for their final approval
– Disbursements are scheduled and dates are provided to you

Funding U loans are disbursed directly to the school and applied evenly across the remaining terms of the current academic year. For example: If you are applying in the Fall, half of your approved loan amount will be disbursed toward the Fall term and the other half toward the Spring term.

Keep in mind that previous school years, Summer terms, and online-only programs are not covered. Fall-only loans are available only to Senior students graduating in the Fall term.

Loans are intended to help cover the cost of attendance (COA), which is the estimated total of the costs of the given school year as determined by each school, including:
– Tuition and fees
– Housing and meal plans
– Books & Supplies – such as textbook or computer purchases
– Transportation costs
– Miscellaneous

Please address your concerns about any specific costs, such as rent, moving expenses etc, that you intend to cover with your school’s financial aid office directly.

To qualify for a Funding U loan, you must be:
– Either a U.S. citizen, permanent resident, or DACA recipient
– At least 18 years old at time of application
– A full-time undergraduate student at one of our 1450+ partner schools
– Meeting your school’s Satisfactory Academic Progress standards

As Funding U loans are primarily Merit-based, we assess academics and career paths for loan approval decisions. Due to the limited collegiate academic history of underclassmen, the odds of approval increase with higher grade levels.

While we do not require any specific FICO scores, we review credit history for documented credit issues (missed payments, collections, etc). All Funding U loans are non-cosigned and parental credit history and/or financial situations do not impact how we review the student application in any way.

Contact

For repayment questions or support after your loan is funded, please contact your loan servicer, Launch Servicing, Monday – Friday, 7am – 7pm CST via:

Phone: +1 (877) 354-2629
Website: https://launchservicing.com/contact/
Secure Message: Via your Borrower Portal https://borrower.launchservicing.com/Login.aspx?ReturnUrl=%2f
Mail (contact only, no payments):
Launch Servicing, LLC
PO Box 91910
Sioux Falls, SD 57109-1910

Make a Payment

Phone
Make payments over the phone by calling +1 (877) 354-2629 Monday-Friday 5am-5pm CT

Online
Make a one-time payment with a debit card or bank account or set up autopay via your Launch Servicing Account https://borrower.launchservicing.com/

Payments made before 6 PM Central Time will be applied same day. Payments received after 6 PM Central Time will be credited the following day. The payment will be viewable on your account the next business day.

Bill Pay Service
Contact your financial service provider for directions to set up Bill Pay. Have your account and loan number ready and separate them with a dash (-). Launch Servicing will be the Payee. If you cannot find Launch Servicing using search, enter:

Launch Servicing
P.O. BOX 679220
Dallas, TX 75267-9220

Launch Mobile App
Available from the App Store or Google Play Store

Mail
Send a check or money order with your name and account number on the memo line to:

Launch Servicing
P.O. BOX 679220
Dallas, TX 75267-9220

Our Business Hours are 8:30 am – 8:30 pm ET, Monday – Friday excluding holidays.

For assistance, we welcome you to:
Chat with our bot or a live agent here on the site
Email us at info@funding-university.com
Schedule an Office Hours call with a Loan Advisor here: https://calendar.app.google/1beNebm3gWea36Mn8