Credible Student Loans: See how to apply

Learn how to apply for Credible Student Loans and enjoy a company that supports students.

Thinking of ways to pay for your education? How about applying for one of the most renowned student loans?

If you’re not familiar with it yet…

Getting to Know Credible Student Loans

Discover Credible Student Loans and find out why they are an indispensable tool for your financial success.

In today’s world, education is a secure path to financial success. With Credible, access to knowledge becomes simpler and more accessible.

Credible Student Loans offer a variety of financing options so that students can focus on their studies and increase their chances of academic and professional success.

Before exploring the advantages of these loans, it is essential to understand how they work.

Student loans allow students to finance not only tuition but also secondary expenses such as books, food, and transportation.

Repayment is flexible, adapting to the individual needs of the student.

Now, let’s go over the specific advantages of Credible Student Loans:

• Competitive interest rates, ranging between 4.98% APR and 16.70% APR for variable rates and between 4.09% APR and 15.71% APR for fixed rates.
• Non-committal interest rate verification, allowing customers to evaluate their options before committing.
• Option to present a cosigner, which may result in more favorable conditions and a higher likelihood of approval.
• Multiple payment options, allowing customers to choose the one that best suits their needs.
• No prepayment penalties or origination fees, ensuring transparency and predictability throughout the process.

Flexibility in the repayment period, with options to start paying during studies or after graduation, with repayment terms of 5 to 20 years, depending on the lender.

The reliability of Credible Student Loans is backed by NerdWallet’s ownership, a financial platform recognized for its integrity and commitment to consumer financial education.

NerdWallet’s acquisition of Credible in 2020 further strengthened its reputation as a reliable source of financial information and solutions.

However, it is important to remember that every loan requires responsibility.

Customers must ensure that they can meet the terms of the loan to avoid future complications.

With Credible, studying can become easier and more accessible, providing students with the peace of mind they need to achieve their academic and professional goals.

Prerequisites

To apply for Credible Student Loans, you must meet the following criteria:

• Possess a credit score that meets the criteria (or have a cosigner with one).
• Demonstrate sufficient income and debt-to-income ratio that meets the standards (or have a cosigner with one).
• Enroll in an approved educational program.
• Be a citizen or legal resident of the United States with a valid Social Security number.
• Be at least 18 years old and possess a high school diploma or equivalent (or have a cosigner).
• Ensure that the loan is solely used for educational expenses.

Keeping these criteria in mind and meeting them, you can proceed to the online application.

Online Application

With a device with internet access, go to the official Credible website and click on “Student Loans.”

After doing so, click on “Get started.” You will need to fill out a simple and quick form with your personal information, cosigner information, school information, among others.

Afterward, you can see a complete overview of your interest and repayment options.

If you agree, simply continue and submit the documents to verify the information, and you may need to digitally sign for the loan.

Once done, just wait for approval!

Some of the information you will need to provide includes:

• What are you looking for today?
• Full name
• MI (Middle Initial)
• Date of birth
• Phone number
• Address
• Are you a U.S. Citizen?
• What college are you taking out this loan for?
• What type of degree are you pursuing?
• What is your current housing status?
• What is your monthly housing payment?
• Are you employed?
• What is your annual pre-tax employment income?
• How much do you earn from additional sources?
• Do you want to include income from other household members?
• What is your current enrollment status?
• What is your current year of study?
• What school term do you need this loan for?
• What is your expected graduation date?
• How much are you looking to borrow?

Among other information.

Once the loan is closed, you can rest assured and focus solely on your studies!

Written by

Victória Lima

Victória Lima is a financial writer and researcher. With a background in finance, Victória distills complex financial topics into accessible insights. Through her writing, she aims to equip readers with the tools they need to make informed financial decisions and achieve their goals.