Thank you for your interest in MyRichUncle. At this time, we have paused our private student loan program. Due to continued disruptions in the capital markets, combined with the continued demand we have experienced this year, we are reaching funding capacity limits.
As a result, we are unable to receive new applications at this time. We regret not being able to serve you, but hope to in the near future. We are working to try to obtain funds that would enable us to continue to accept new customers.
Although the credit crunch is a concern for many families, we want to emphasize that you have options when it comes to paying for education. We encourage you to use the
educational tools on MyRichUncle.com to better understand your choices and make prudent decisions in paying for your education. You may still be able to find funding alternatives for this school year, such as grants, scholarships, lower-cost federal student loans and private student loans, through other websites, other lenders, and through the financial aid office of your institution. We encourage you to pursue and fully utilize the least expensive funds that may be available to you and to not borrow more than you need.
We sincerely appreciate your interest in MyRichUncle, and we share your view that education is one of the most worthwhile investments you can make. We look forward to serving you in the near future.
If you need further assistance from us, please email us at
info@myrichuncle.com.