If you do not get approved, you will receive an emailed adverse action notice that provides explanation for the decline. There will also potentially be an additional email that will inform you if there is a counter-offer available to you, such as applying with a credit-worthy cosigner. Your loan application denial could be specifically tied to the cosigner you applied with. If that is the case, you may reapply with a different credit-worthy cosigner if you have one.
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.