Funding U student loans are designed for current students attending eligible schools who need smaller private student loans to fill a funding gap. Funding is available for full-time freshmen and sophomores, but juniors and seniors may have an easier time qualifying. This Funding U review explores the qualifications requirements for these loans, and examines the reviews of borrowers that already secured a loan.
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This Funding U Review Considers this Unique Student Loan Option
Funding U was created to differentiate itself from other student loan lenders. Most lenders emphasize credit scores, credit history and cosigners only to qualify borrowers for private student loans. While Funding U does review credit information, it also considers grades and future income prospects.
Min. Credit Score Not disclosed
Loan Amount $3K-$15K per school
Loan Repayment Up to 10 years
Written by:Sara Coleman
Summarized Rating
Loan Features2
Interest Rates and Fees3
Qualification Leniency2
Application Process2
Customer Support1
User Reviews
This parameter considers loan term lengths, loan limits, and loan structure optionality (fixed and variable rate offerings). For each loan type offered, each of these features was evaluated using the five-point scoring system. Then, the various scores were aggregated and averaged to establish an overall loan features score.
Funding U scores a worst-in-class 2.0 for Loan Features. This is reflective of average term lengths, below average loan limits, and very limited loan structure optionality (fixed vs. variable).
Funding U Pros
Funding U Cons
Before proceeding with the application, Funding U will verify your eligibility. This includes your permanent residence (Funding U is currently available only in 30 states), the four-year institution you attend, full-time status and your year in school.
About the Author
Sara Coleman
Sara Coleman is a freelance writer with several years of experience covering personal finance topics such as insurance, loans, credit cards, budgeting and more.
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