Funding U Disclaimers

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New student loans of $3,001 up to $20,000 per school year will be granted to residents of eligible states enrolled as undergraduates in bachelor’s degree or equivalent- granting programs at eligible schools.

Funding U offers fixed-interest-rate loans, without a cosigner, to students who are serious about their academic success and post-grad career. Eligibility is determined by several factors, including: school graduation rate, class hours completed, estimated graduation date, academic performance, major; responsible borrowing, and other academic and non-academic activities that demonstrate the borrower is working hard towards academic and professional goals.

Eligibility is also limited by state of permanent residence. Terms and conditions vary by state. Not all loans are available in all states. Loan amounts available may vary by state.

DISBURSEMENT All Loan proceeds will be sent to the student borrower’s school around the time classes begin, on the date your school prefers. Funding U will require documentation to verify your registration and certify your loan need prior to disbursement. Your school must also certify your loan need. Your loan may be adjusted based upon the amount of need certified by your school.

REPAYMENT TERMS New Undergraduate loans for the 2025-2026 school year will have an Annual Percentage Rate (APR) of 8.49% to 13.99%. All loans have a fixed interest rate range of 7.99%* to 13.49% with Autopay or 8.99% to 13.99% without Autopay. The interest rate is fixed, which means that even if market rates change, your monthly payment will remain the same. There is no origination fee. Interest accrues while you are in school.

In-school partial payments: Students may choose either $20 monthly as a “Fixed Payment” while enrolled in school or “Interest Only” payments. These payments will be reported to credit agencies like other student loans. All loans have either a 5-year or 10-year repayment term (paid monthly over 60/120 months starting 6 months after graduation). The 5-year term is not available on all loans. Both In-School payment options may not be available in all states. Students electing to make Interest-Only payments will receive a 0.5% interest rate discount. Minimum loan amount may vary by state of residence.

PREPAYMENT PENALTIES There is no prepayment penalty on your loan.

Additional details, terms & conditions will be included in each loan offer.

*The lowest rate shown is available only to upperclassmen with outstanding academic performance and is not typical of the rates offered to most borrowers. Your actual rate will depend on creditworthiness and other factors, such as your class year and GPA.