Fund your future your way.
- You Apply
- We Review
- We Confirm
- You Get Funded
You apply
- We believe in your potential, not a credit score, so you can apply on your own, without a cosigner.
- Start your application by sharing a bit about your academic progress and your requested loan amount. Note that the requested funds should cover the rest of your academic year rather than a single term.
- Your eligibility is based on your academic performance, progress toward on-time graduation, and projected future earnings.
- If pre-approved, you’ll choose your in-school repayment option and upload your Transcript(s), Financial Aid Letter, State-Issued ID, and other required documents before submitting your application for final review.
We review
- After you submit your application, our team reviews your information and verifies it against your documents.
- You can expect a decision within 1–2 business days. If anything’s unclear, we’ll reach out by email.
- If approved, you’ll receive your loan agreement to review and sign.
We Confirm
- Once you’ve signed your documents, your school will certify your loan details, including your enrollment status and academic standing.
- Your school will also confirm your loan amount and provide disbursement dates.
- Typically, your loan will be equally disbursed across the remaining terms of the current academic year. We do not offer fall-only loans or cover summer terms.
You Get Funded
- Once everything is finalized, your funds are sent directly to your school on your scheduled disbursement dates.
- After your first disbursement, you’ll begin making monthly in-school payments. Your loan servicer will guide you through setup every step of the way.
- After graduation, you’ll have a 6-month grace period before transitioning into full monthly payments.
Frequently Asked Questions
How do I contact Funding U?
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
What are the steps in the loan application process?
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
How can I use a Funding U student loan?
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.
Am I eligible for a Funding U loan?
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.