March 5, 2020
Can I take out a private student loan for a previous or past semester?
Yes, your loan can be used to cover a past-due balance if the application is received within ninety (90) days…
March 5, 2020
Can I borrow for one semester or the entire academic year with a private student loan?
Applying for the whole academic year means you may receive some or all of your education funding with one application…
March 5, 2020
Do private student loan funds go to the student or directly to the school?
Loan funds are disbursed directly to your institution. The school will then apply those funds directly to your outstanding tuition…
March 5, 2020
Can private student loan funds be sent directly to the borrower instead of the school?
Loan funds are disbursed directly to your institution. The school will then apply those funds directly to your outstanding tuition…
March 5, 2020
Can private student loans be used for laptops, textbooks, housing, and personal expenses?
This loan may be used for qualified education-related expenses that are certified by your institution. This may include tuition, room…
March 5, 2020
How do I find my cost of attendance for a private student loan?
Your cost of attendance includes tuition and may also include expenses such as room & board, transportation, books, supplies, and…
March 5, 2020
Can I edit my private student loan application after I submit it?
There is certain information that may be edited after an application is submitted, but some changes require starting a new…
March 5, 2020
Do I need to complete the FAFSA before applying for a private student loan through LendKey?
No, it is not a requirement to complete the FAFSA form before applying for a LendKey loan. Although it is…
March 5, 2020
How do I apply for federal student aid before using private student loans?
You can complete the FAFSA online at Federal Student Aid. You’ll need to create an FSA ID, gather all relevant…
March 5, 2020
What is the difference between federal student loans and private student loans?
Federal student loans are provided by the federal government, while private student loans come from private financial institutions, like banks…
March 5, 2020
How much can I borrow with a private student loan?
You may be able to borrow up to 100% of your school-certified cost of attendance. This may include tuition, room…
March 5, 2020
When is the best time to apply for a private student loan?
We typically recommend applying at least one month prior to when the funds are due or earlier. Conditional approval for…