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Eligibility Requirements

To finance an Education Loan Finance Private Student Loan, you must meet the underwriting criteria and eligibility requirements.

Follow these steps to find out if you or a cosigner are a good match for our private student loans.

Please note that there are additional factors such as financial history, credit history and debt-to-income ratio that will be factors for approval.

1

Requirements

Verify you or a cosigner meet the requirements listed below.

2

Eligible Schools

Is the student attending an eligible school?

3

Documents Needed

Do you have all the documents required to obtain a loan?

Borrower or Cosigner Requirements

  1. The borrower and cosigner must be U.S. citizens or permanent resident aliens without conditions and with proper evidence of eligibility.

  2. The borrower and the cosigner must be at the age of majority or older at the time of loan application.

  3. The student must be enrolled in a program for a Bachelor’s, Master’s, or Doctoral Degree.

  1. Must have a minimum loan amount of $10,000.

  2. Must have a minimum income of $35,000.

  3. Must have a minimum credit score of 680.

  4. Must have a minimum credit history of 36 months.

  5. The student must be enrolled at least half-time in school.

Eligible Schools for Private Student Loan Financing

There is no affiliation between the schools included on this list and Education Loan Finance. Inclusion on this list does not constitute any endorsement or partnership between either party. If your school isn’t listed, fill out our contact form and request inclusion for future consideration. List updated as of June 15, 2020.
UNIVERSITY OF TENNESSEE – Knoxville, TN
UNIVERSITY OF TENNESSEE – CHATTANOOGA – Chattanooga, TN
VANDERBILT UNIVERSITY – Nashville, TN
MIDDLE TENNESSEE SCHOOL OF ANESTHESIA – Madison, TN

Documents Required

  • Recent Pay Stub or proof of employment from within the last 30 days.
  • W-2 Form from the most recent tax year.
  • Government-issued Identification

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