
MyRichUncle knows that getting a student loan can be a complicated, intimidating, unfair process. So we changed it.
Historically, the application process has been tremendously cumbersome, which is even more frustrating when the applicant is declined. After all, without a
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.
or a
credit historyYour credit history is a record of your personal debt and repayment history, including other loans, credit cards, mortgages, bankruptcies, and defaults. It plays an extremely significant role in the approval process and in determining the interest rates for private loans.
, it can be nearly impossible for some students to secure the education funds they need.
The fact of the matter is this: when students enter into a loan agreement, they’re entering into a long-term relationship with their lender—15 years, on average. The right student loan with the right lender can help you avoid years of unnecessary fees and payments.
That's where MyRichUncle comes in. We have innovated and we will continue to innovate until the student loan industry is focused totally around the student. Are you a student with good credit or a student working with a co-borrower? Are you looking for an alternative student loan because you have no co-borrowers or have bad credit for an education loan? We have all types of education loans regardless of your need. Sounds like something an uncle would do?
Hey, it's in the name.