WE INVEST IN YOU BASED ON YOUR ACADEMICS, AND THAT SETS US APART.
We invest in you and your potential. That's why we typically don't require a cosigner.* We don't think you should be judged by someone else's credit score. We emphasize your grades and the college you're attending to determine if you qualify for a loan.
WHAT DO I NEED TO GET STARTED?
Choose the Right Rates for You - Fixed or Variable
Rates are based primarily on your academic record and financial need.
FIXED RATE

Fixed Rates range from 6.49% to 9.49% (6.341% to 8.969% APR). With fixed rates you make the same payment every month. But since your rate is set and starts out higher than variable rates, you may end up paying more over the life of your loan. Rates subject to change.
VARIABLE RATE

Variable Rates currently range from 5.44% to 9.44% (5.384% to 8.922% APR).** Your starting interest rate is typically less than the fixed rate, but over time variable rates can fluctuate and payments can change up or down based on market rate changes. Rates subject to change.
Repayment With You in Mind
EARLY NOMINAL FIXED PAYMENTS

Pay a fixed $20 a month while you are enrolled in school full-time and for six months after school. Paying on time may help you establish a positive credit file.***
EARLY REPAYMENT

There is no penalty if you choose to repay your loan early.
Other Specifics About Our Loan

We have a 1% origination fee.

There's no obligation to take the Sixup loan if you qualify.

Instead of just looking at outdated FICO scores (which is what most private banks do), we base our credit model on your academics and other factors and predict student outcomes through our unique algorithm.

If you have a credit history, we will consider it (such as having at least a 600 credit score).****

Sixup loan amounts range between a minimum of $2,500 (above $3,000 if you're in Georgia) and a maximum of $15,000 in any school year, and are capped at $60,000 for multiple years.

Comparing Sixup to another loan option? Just not sure yet?
Reach out if you have more questions. We'd be happy to walk through it together.
* Unless you are under the age of majority (typically 18) or due to your credit history if you have one, or in certain cases based on the level of your academic and other factors. Cosigners are reviewed by financial and credit measures.
** Variable rates are based on our margin of 4.12-8.12% plus the three-month LIBOR rate (a standard interest rate index), so that range is subject to change on a quarterly basis. It will never be more than an annual percentage rate of 9.90% during the life of the loan.
*** For a $10,000 loan, assuming you make 54 payments of $20 a month for an academic deferment period of 48 months of school plus 6 months, you will then make 120 monthly payments of $172.42, paying a total of $21,770.40, assuming the highest possible rate of 9.49%).
**** Certain students may have high enough academic and other factors to be considered for potential loan approval but not high enough where they don't also need a positive credit report, and certain students may require a higher credit score than 600. Only one Consumer Reporting Agency is used to provide credit reports, so you may have a higher score or different information with one we don't use.

Additional terms and conditions apply in accordance with other disclosures and agreements. These specifics are also subject to change.