MyRichUncle believes that success in school is indicative of your willingness and ability to repay your loans.

We’ve always looked at the usual criteria for approving loan applications. We ensure that our borrowers are creditworthy

Creditworthiness

Creditworthy borrowers have a history of borrowing responsibly and paying off debt in a timely manner. Your creditworthiness is typically determined by your credit history.

, or that they have creditworthy co-borrowers

Co-Borrower

If you don’t have sufficient credit history, applying with a co-borrower for a private loan can greatly increase your chances of approval and lower the cost of your loan. Your co-borrower should be a U.S. citizen or permanent resident over the age of 18 who agrees to make payments on your behalf should you default on your loan.

. But we’ve also taken a more holistic view of the student: your GPA, school, and program of study.

With the introduction of our PrePrime™ approval system, even more students can now be funded by MyRichUncle. If you lack a credit history, the PrePrime™ evaluation system automatically engages, giving you a chance to be approved on your merits as a student. We are the first student loan company to consider this information.

MyRichUncle created the PrePrime™ approval system to serve the growing number of students who need a loan but don’t have a credit history or creditworthy co-borrower. Before PrePrime™, these students would be denied. Now students have a chance to be considered as students.

It’s a win-win situation and we’re happy to be the first to implement it.

If you want to know more about the specific loans offered by MyRichUncle, select an option from the menu. If you’re ready to apply, click here.