ISL Education Lending offers private student loans for undergraduate students, graduate students, and parent or family loans. ISL also provides refinancing loans. To be considered for any student loan from ISL Education Lending, you need to meet the following criteria:
- Be a US citizen or permanent resident
- Be enrolled at least 50% of the time in a Title IV qualifying school
- Have a minimum credit score of 670
- Debt to income ratio of under 40%
- Must have a verifiable source of income
- No previous bankruptcies
- No previous defaults on student loans
- No accounts currently in arrears
If you don’t qualify for a loan on your own, like many students, you can apply with a co-signer. Your co-signer will also need to meet the criteria set out above.
Partnership Advance Loan
The Partnership Advance loan helps students to bridge the gap between their existing loan and the amount required for their educational needs. You can apply with or without a co-signer, presuming that one of your meets the requirements set out by ISL. Co-signers can be released from their obligations after 24 months of on-time payments.
College Family Loan
The College Family loan is available to family members and not just parents, as is the case with most student support loans. This is not a co-signer loan, with the family member being responsible for repayments.
Student Loan Refinancing
Student loan refinancing can be a great option if you have multiple student loans in place that you want to consolidate into one loan at a lower rate. ISL Education Lending offers student loan refinancing from 3.94%.
The rates offered across all of ISL’s products are very competitive and are certainly worth considering if you require a private student loan or student loan refinancing. This, coupled with ISL’s excellent long-standing reputation, means the organization ranks highly amongst our student loan providers.