EDvestinU Student Loans: 2021 Review

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EDvestinU is a private student loan lender offering both new student loans and student loan refinancing. It is part of the New Hampshire Higher Education Assistance Foundation (NHHEAF) Network, a nonprofit dedicated to making college affordable and educating borrowers about the importance of higher education. As such, EDvestinU is a great company for borrowers looking for scholarship opportunities and a lender with a community-focused mission. It’s also a good option for students who live in or are attending school in New Hampshire, since EDvestinU offers a discount specifically for those borrowers.

EDvestinU features

EDvestinU offers undergraduate, graduate and refinancing student loans. The minimum loan amount is $1,000 for undergraduate and graduate loans and $7,500 for refinancing loans, and the maximum in both cases is $200,000.

One of EDvestinU’s standout features is that it offers student loans to international students, which not all lenders do. International students must have a creditworthy co-signer who is a U.S. resident in order to qualify.

U.S. residents may also need to recruit a co-signer if they have little credit to their name. However, EDvestinU does offer co-signer release, which means that borrowers can have their co-signer removed from the loan. Requirements are fairly tight — borrowers must have 36 months of consecutive, on-time payments, a credit score of 749 or higher and an annual income of $30,000 or more — but it’s an option that not every lender offers.

EDvestinU student loan snapshot

Loan types Undergraduate, graduate, refinancing
Loan amounts Private loans: $1,000 to $200,000
Refinancing loans: $7,500 to $200,000
Interest rates Private loans: 2.203% to 6.170% variable APR (with autopay), 3.022% to 7.723% fixed APR (with autopay)
Refinancing loans: 1.810% to 4.180% variable APR (with autopay), 3.910% to 6.280% fixed APR (with autopay)
Repayment terms Private loans: 7 to 15 years
Refinancing loans: 5 to 20 years
Grace period 6 months
Co-signer required? No

Pros and cons of EDvestinU student loans

While EDvestinU offers some unique perks and low rates, always weigh the benefits and drawbacks before applying for a loan.


  • International students may qualify: International students with a qualified co-signer are eligible to receive a student loan from EDvestinU.
  • Discounts for students in New Hampshire: If you live or attend school in New Hampshire, you could qualify for a 0.25 percent rate reduction. This is on top of the 0.25 to 0.5 percent autopay discount that EDvestinU offers all borrowers.
  • Community mission: In addition to student loans, EDvestinU offers three scholarships each year, and proceeds from its loans support college access activities in New Hampshire public high schools.


  • Strict requirements for co-signer release: In order to release a co-signer, borrowers must have a FICO Score of 750 or higher, an annual income of at least $30,000, no bankruptcy filings on record for the last 10 years and a history of consecutive, on-time payments for 36 months on the current loan.
  • Limited loan amounts: The minimum amount you may refinance with EDvestinU is $7,500, which could be restrictive if you don’t have much left to repay. The limit on all of EDvestinU’s loans is also $200,000, less than what many other lenders allow.

EDvestinU student loan requirements

To qualify for an EDvestinU student loan, borrowers need to be either U.S. citizens or permanent residents. An individual annual income of $30,000 is required, and borrowers must also meet an unspecified credit score requirement. International students can apply with a domestic co-signer who meets the requirements. All prospective borrowers need to have at least half-time status at a university.

The requirements are largely the same for refinancing loans, although the minimum income limit is higher for larger loans. For loans of less than $100,000, the minimum individual income is $30,000, but for anything higher, the minimum income is $50,000. EDvestinU also requires a debt-to-income ratio of 43 percent or less. However, unlike with many other lenders, borrowers do not need to hold a degree in order to refinance.

Who is this loan good for?

EDvestinU is great for students who need a co-signer in order to qualify but who would like to take sole responsibility for the loan once repayment starts. Many private lenders don’t offer co-signer release and require that borrowers refinance to remove the co-signer, but you could potentially release a co-signer from an EDvestinU loan after three years.

Borrowers living or attending school in New Hampshire should also consider EDvestinU due to the added discounts the lender provides.

Interest rates and terms

EDvestinU offers both fixed- and variable-rate loans. Borrowers who set up autopay from a checking or savings account can receive a 0.25 percent discount for refinancing loans and a 0.5 percent discount for all other loans. The following rates reflect this discount.

Loan product Variable rate Fixed rate
Undergraduate student loans 2.203% – 6.170% APR 3.022% – 7.723% APR
Graduate student loans 2.203% – 6.170% APR 3.022% – 7.723% APR
International student loans 2.203% – 6.170% APR 3.022% – 7.723% APR
Student loan refinancing 1.810% – 4.180% APR 3.910% – 6.280% APR

Fees and penalties

EDvestinU does not charge any application, origination, deferment, prepayment or disbursement fees. However, you may be assessed a 5 percent late fee.

What are repayment terms and grace period for EDvestinU?

Borrowers can choose from three types of repayment:

  • Immediate: Begin paying back your loans as soon as they are disbursed.
  • Interest-only: Pay only the interest that accrues on your student loans until you leave school.
  • Deferred: Wait until you’re out of school to start making payments on your loan.

With the immediate and interest-only plans, the first payment is due between 30 and 45 days after the loan is disbursed. With the deferred plan, you’ll have a six-month grace period after leaving school.

Private student loans from EDvestinU have terms of seven, 10 or 15 years for both variable-rate and fixed-rate loans, and refinancing loans have terms from five to 20 years.

Borrowers having trouble making payments can apply for economic hardship forbearance, which is granted on a case-by-case basis. Interest will still accrue during this time and be added to the loan’s principal when the forbearance period ends.

Customer service

EDvestinU’s customer service is available Monday through Friday, 8 a.m. to 5 p.m. EST at 855-887-5430. You can also email the company at educationresources@edvestinu.com.

How to apply for a loan with EDvestinU

You can apply for a loan with EDvestinU online through a simple application form. If you need assistance, you can also contact the company via phone or email. The application process typically takes around seven to 10 business days, after which the company will verify your financial and school information.

To apply for a loan, you’ll need to provide the following:

  • The name of the university you’re attending.
  • How much you need to borrow.
  • Your Social Security card.
  • Your driver’s license or other government-issued ID.
  • The contact information for two personal references who don’t live with you.
  • Employer and income information for yourself and your co-signer, if applicable.

What to do if your application gets turned down

If your application is rejected, contact EDvestinU to ask why. The lender is required to state a general reason for your denial, and it may suggest that you reapply with a qualified co-signer. Your next step should be to apply with other student loan companies, which may have looser requirements.

How Bankrate rates EDvestinU

Overall Score 4.2
Repayment Options 4.2
Affordability 4.5
Customer Experience 4.0

Editorial disclosure: All reviews are prepared by Bankrate.com staff. Opinions expressed therein are solely those of the reviewer and have not been reviewed or approved by any advertiser. The information, including rates and fees, presented in the review is accurate as of the date of the review. Check the data at the top of this page and the lender’s website for the most current information.

Written by
Zina Kumok
Contributing writer
Zina Kumok has been a full-time personal finance writer since 2015. She’s a three-time nominee for Best Personal Finance Contributor/Freelancer at the Plutus Awards and a two-time speaker at FinCon, the premier financial media conference.