Who can borrow?
LOAN ELIGIBILITY: Must be a US citizen or permanent resident over the age of 18. Must be enrolled as full-time undergraduate student in a bachelor’s degree program at an eligible four year college (for- profit schools not eligible).  

Funding U has minimum GPA and graduation rate thresholds for borrowers and institutions depending on the student's class year. The chart below shows the minimum GPA and school graduation rate eligibility requirements.

  • 2.5 Minimum GPA
  • 50% Institution's 6-Year Graduation Rate
  • 2.75 Minimum GPA
  • 50% Institution's 6-Year Graduation Rate
  • 3.0 Minimum GPA
  • 70% Institution's 6-Year Graduation Rate
  • 3.5 Minimum (High School) GPA
  • 90% Institution's 6-Year Graduation Rate

We use https://nces.ed.gov/ipeds/ as our grad rate data resource.

LOAN AVAILABILITY: New student loans of $3,001 up to $10,000 for the 2019-2020 school year will be available to residents of the following states: Arkansas, Arizona, California, Colorado, Connecticut, Florida, Georgia, Hawaii, Indiana, Kansas, Maryland, Massachusetts, Michigan, Nebraska, New Jersey, New Mexico, Missouri, New York, North Carolina, Ohio, Oregon, Pennsylvania, South Carolina, Tennessee, Vermont, Virginia, West Virginia, Wisconsin.  Terms and conditions vary by state. 

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