How it Works
Edly’s investment platform lets impact investors earn returns by funding tuition for underserved college students.
How it Works
Edly’s innovative approach offers a unique solution that helps address the student debt crisis for the
most impacted students.
Here’s how it works:
While most private student loan companies base lending decisions largely on a cosigner’s FICO score, Edly takes a different approach. We don’t require a cosigner and instead underwrite students based on performance and potential.
Edly analyzes millions of public and proprietary data points to identify those schools and programs that deliver successful outcomes.
Edly seeks to provide “last mile” financing for students at these schools who are within two years of completing their degrees.
Edly doesn’t set a minimum credit score, instead focusing on actual credit events and debt to income ratio as indicators of future performance.
Having identified the schools with the best outcomes and their most deserving students, Edly offers the only regulated student lending platform of its kind in the private sector.
Students do not need a cosigner and pay an affordable, income-based repayment (IBR) based on their post-graduation income.
Are loans (promissory notes) in form, with all private student loan disclosures and borrower protections provided.
IBR loans are originated by FDIC-regulated institutions, not by the colleges themselves.
Edly offers the only private-sector platform where students can get regulated IBR loans to fund in-school tuition needs.
Edly sources pools of IBR loans from banks and originators and makes them available to accredited investors in the form of managed accounts.
Investors receive monthly cash distributions after completion of 12-month investment period.
Edly managed accounts have an expected life of six years, shorter than other alternative income funds.
Accredited investors can invest online in minutes, with as little as a $5,000 minimum investment.
Edly is a Registered Investment Advisor, led by a senior management team with decades of experience in structured finance.
Edly does not provide tax advice and investors are encouraged to seek their...
On the 25th of each month (or next business day thereafter), Edly processes...
Alternative investments can be high risk. Edly has specific target returns for each inve...
New Financing Commitments to Support Education Loans for More Than 15,000 Students and Drive Platform Innovation.
Edly brings affordable and flexible tuition financing to students pursuing careers with high social impact.
Nation's only income-based repayment loan platform strengthens its commitment to enable the next generation of professionals with flexible education financing.