To qualify for a loan, all loan borrowers must meet the following criteria:

1. Have a verifiable name, date of birth and social security number;

2. Be at least 18 years of age;

3. Be a Permanent Resident;

4. Have a credit score of 640 or, if the applicant does not have a credit score, has graduated from or is currently enrolled in (i) an associate’s degree at an accredited school, (ii) a 4-year (bachelor’s degree) accredited college, or (iii) more advanced degree granting program; unless s/he has been accepted to one of our partner institutions that provides vocational training and (iv) has a job, job offer, or other verifiable source of regular income; 

5. Have a U.S. address;

6. Be a resident of Delaware, Pennsylvania or New Jersey;

7. Have a valid e-mail account;

8. Have verifiable income and/or employment or another verifiable source of regular income;

9. Meet our minimum credit requirements;

10. Have a personal banking account at a U.S. financial institution with a routing transit number;

11. If an existing borrower, the borrower/applicant must (1) have made on-time payments for the six prior monthly payments, (2) have no more than one outstanding loan at the time of application, and (3) have no more than $50,000 of principal outstanding at the time the loan originates;

12.  If a returning borrower with a matured loan paid in full, more than 60 days has passed from the date the applicant paid their prior loan in full, or, if less than 60 days has passed since such payment in full, the last 6 monthly payments made by the borrower were on time.