cugrad15i.lendkey.comChecklist to Get Started - Student Loan Consolidation - cuGrad - LendKey

Sign In Need Help? Call us at: 888-549-9050 Refinancing Application Get Started Submit Application Review Offer Student Loan Consolidation Application What you’ll need to start your application: You’ll need some personal information: Your permanent name, address, phone number and email Your social security number A Government-Issued Photo ID, such as a Driver’s License or a Passport. The name of your alma mater The approximate amount of your current student loan debt You’ll need a cosigner if you do not have all of the following: Current employment A job that pays at least $24,000 annually* To apply with a cosigner, you’ll need: Current employment A job that pays at least $24,000 annually* (Even if you meet the guidelines above, a creditworthy cosigner can increase your chances of getting approved and will often lead to lower rates!) *Other income requirements may be necessary based on the requested loan amount. After your initial application is conditionally approved: You’ll need to provide some documents for further loan review: A Government-Issued Photo ID, such as a Driver’s License or a Passport. Proof of graduation Proof of income, like recent pay stubs You may need to join a credit union Because the cuGrad loan is offered by credit unions participating in the LendKey lender network, you’ll be asked to select a credit union during the application process. Don’t worry! If you’re not already a member of a credit union participating in the LendKey network, we’ll match you with one! Credit unions are easy to join. After you’ve been conditionally approved for the loan, you’ll join the credit union selected during the application process (a small initial deposit may be required). If you later choose to cancel your loan request, there’s no obligation to remain a member of the credit union. Credit union benefits: Low minimum balance required to maintain an account Lower APR on most loan types, including student loans, mortgages, auto loans and credit cards Low-fee or no-fee checking accounts and ATM access Better rates of return on savings accounts and certificates of deposit U.S. Government insured accounts up to $250,000 Dividends are paid to members (that may be you), not shareholders! You’ll need to decide your monthly repayment option Level Repayment: You’ll make one consistent monthly payment amount over the life of your loan. Graduated Repayment: For the first four years, you’ll make monthly interest-only payments. After that, your payments will increase to a level repayment schedule for the rest of your loan term. Repayment Tip Graduated Repayment may help recent graduates trying to manage expenses on an entry-level salary or borrowers with occupations that require a professional degree but have high earning potential in the future. However, selecting the Level Repayment option will help you pay off the loan faster. Continue Looking to cosign a loan? If you have been invited to cosign a loan, please click here to get started. Cosign a loan Rates & Fees Contact Us Privacy Policy © 2007-2024, LendKey Technologies, Inc. All rights...