Applying for the whole academic year means you may receive some or all of your education funding with one application and a single credit check. You may also apply for a single academic period at a time. Interest only accrues on the funds that have been disbursed and there is no penalty to cancel any additional future disbursements. Whichever option is best for you depends on the strength of you and/or your cosigner’s credit profile at the time of application.
Please note that the information provided on this website is provided on a general basis and may not apply to your own specific individual needs, goals, financial position, experience, etc. LendKey does not guarantee that the information provided on any third-party website that LendKey offers a hyperlink to is up-to-date and accurate at the time you access it, and LendKey does not guarantee that information provided on such external websites (and this website) is best-suited for your particular circumstances. Therefore, you may want to consult with an expert (financial adviser, school financial aid office, etc.) before making financial decisions that may be discussed on this website.