Built for borrowers other lenders turn away.
Three minutes to apply. Decisions in 24 to 48 hours. Funds to the institution within 72. All credit profiles welcome, because the partner-school risk-sharing model and the Credential Score evaluate more than FICO.
All Credit Profiles
Subprime to prime. The Credential Score sees more than FICO.
School Risk-Sharing
Partner schools share risk on each loan. That enables approvals others can't.
Credential Score
Program outcomes and placement rates alongside traditional credit factors.
72-Hour Funding
Decision in 24 to 48 hours. Funds disbursed within 72.
Begin your application
We collect the essentials, then move you to the next step of your application. About 3 minutes.
WHO QUALIFIES
Almost any credit profile can apply.
Traditional private lenders decline most subprime applicants. LoanAmerica's school-partnership risk-sharing model and the Credential Score evaluate program outcomes, placement rates, and future earning potential alongside traditional credit factors. The result: approvals for thin-file and subprime borrowers that other lenders won't write.
All Credit Profiles
Subprime to prime borrowers welcome. The Credential Score evaluates more than FICO.
Enrolled Students
Active enrollment at an eligible US accredited institution. Vocational, trade, undergraduate, graduate, or professional.
School-Backed Loans
Risk-sharing partnership with your school enables approvals that traditional underwriting would decline.
Direct From LoanAmerica
We provide the loan product, handle the application, and manage servicing. Operational details are confirmed during the application process.
WHAT YOU'LL NEED
Six things ready before you start.
- 1Government-issued photo ID
- 2Proof of enrollment or admission letter from your institution
- 3Most recent W-2 or two recent pay stubs (or co-signer's, if applicable)
- 4Last two years of tax returns (or co-signer's)
- 5Direct deposit information for any borrower-facing disbursements
- 6School's certification of cost of attendance (the financial aid office handles this)
TIMELINE
Application to disbursement in 72 hours.
Step 1
Apply
Through the Loan Navigator. Approximately 3 minutes.
Step 2
Decision
24 to 48 hours. Approval issued with full terms.
Step 3
Disbursement
Funds to the institution within 72 hours of approval. Emergency Bridge Loans within 24 hours.
"Other lenders look at FICO. We look at the program, the placement rate, and the partnership with the school. That's how almost any credit profile gets a fair look."
LoanAmerica Underwriting
Questions before you apply?
Read the FAQ or reach out to support directly.
Want to model your monthly payment first? Use the Private Student Loan Calculator.