Discover the Greatest Pupil Loans for You
Sixup solely presents undergraduate pupil loans for low-income, high-potential debtors. Loans can be found for college kids attending four-year nonprofit schools who’ve a funding hole after maximizing federal, state and institutional support, scholarships and work examine, in addition to college students transferring from a two- to four-year nonprofit school.
At present, undergraduate loans are provided by Sixup in these areas:
- District of Columbia
- New Hampshire
- New Jersey
- New Mexico
- North Carolina
- West Virginia
Sixup presents undergraduate loans with fastened and variable rates of interest. Mortgage phrases final for 10 years, with a borrowing vary of $2,500 to $15,000 per educational 12 months. Georgia residents should borrow a minimum of $3,000 and the minimal mortgage quantity for California residents is $5,000. Sixup would not provide reductions, however repeat debtors who apply for brand spanking new loans could qualify for decrease charges if they’ve a optimistic account historical past. The full quantity you possibly can borrow over the course of your undergraduate profession is $60,000.
Sixup would not require a credit score historical past to be authorised for pupil loans. Whereas your credit score rating and historical past are checked as a part of the decision-making course of, a low credit score rating or skinny credit score file would not essentially work in opposition to you. When you’ve got a credit score rating, a FICO rating of 600 is beneficial. Sixup additionally takes under consideration your general indebtedness, educational standing and grade level common for loans. Co-signers should not accepted.
Sixup presents deferment intervals for college kids who’re nonetheless in class, throughout the six-month interval following commencement and at any time if you’re enrolled lower than half-time, as much as 60 months. In the course of the deferment interval, debtors have the choice of creating nominal, interest-only funds towards their loans at a fee of $20 per 30 days. All Sixup pupil loans have a 10-year reimbursement time period.
Forbearance intervals can be found in sure conditions when you have got a documented and verifiable hardship, comparable to a job loss or discount in hours. Forbearance intervals are granted on a case-by-case foundation and may prolong as much as 18 months over the lifetime of the mortgage.
Together with loans, Sixup presents scholarships for undergraduate college students. Scholarships are price $5,000 per educational 12 months. Candidates should submit an essay and meet the scholarship program’s GPA and educational necessities to be thought-about.
Sixup is at the moment not rated with the Higher Enterprise Bureau, nor does it have a ranking on Trustpilot.
- Undergraduates who’ve exhausted all sources of federal pupil support.
- Undergraduates with out sufficient credit score to qualify for different non-public pupil loans.
- Undergraduates who’ve monetary want and a stable educational report.