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We'll pay your loans for the first 6 months
(If you can't find a job right away after graduation)

Edmit is committed to helping you pick the right school while taking only the student debt you really need. If you follow our guidance (borrowing less in total than your projected first year salary), while you look for work after graduation, we'll cover up to the first 6 months of loan payments for private loans taken through Edmit's eligible lenders. At no additional cost. 

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We believe everyone should be better off after college. And while our site doesn’t feature every student lender available on the market, we stand behind the guidance we offer. So how do we make money? Our partners compensate us, which allows us to provide the Edmit Guarantee. This may influence where and how products appear on the site, but it in no way affects our recommendations or advice.

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Who is Edmit?

Edmit was founded by former university leaders and authors of Better Off After College: A Guide to Paying for College with More Aid and Less Debt, Nick Ducoff and Sabrina Manville, with the mission to help families make financial decisions about college that promote long term success. 

We’re committed to helping students and families understand the ROI of college and to helping education institutions to improve their transparency and value for students.

With the Edmit Guarantee, we hope to contribute toward a safety net for those who have followed our guidance. 

“The personalized, compassionate attention we received was really above and beyond. You’ve helped us look at the issues from a new perspective. I know you’ve launched Edmit as a business, but your mission to demystify financial aid is truly a public service!”

“Thank you for this absolutely amazing tool! I honestly feel it empowers students - especially those looking at accruing debt for their college education.”

“You services are so valuable. Once it becomes clear that college is going to cost a fortune, it’s important to make it manageable for everybody - and still ensure your child is going to have a meaningful college experience.”

Join eligible students receiving the Edmit Guarantee:

✓ Up to 6 months of loan payments

✓ No additional financial obligation

✓ Support before and after college

 
Get the Edmit Guarantee

How to activate the Edmit  Guarantee:

1.) Sign up

Register for the Edmit Guarantee at no additional cost.

2.) Maintain Eligibility

Edmit estimates what you can expect to earn after graduation. Your total student debt needs to be less than that salary number.

3.) Select your loan

Review rates from our eligible lenders and see if there's a right fit for you.

4.) Enjoy peace of mind

While you're looking for work, for each month you make less than $1,667, we'll cover the payments for your qualifying loans (up to 6 months).

What does it look like?

Meet Sarah. Over four years, Sarah will borrow $27,000 in federal student loans. The rest of her student debt ($13,000) will come from private loans. As a business major at College X, she's projected to earn $50,000 in first year income. 

When she graduates, for every private loan borrowed through Edmit, the Guarantee will cover her monthly payments for up to 6 months until she finds a job.

At an interest rate of 6% with equal loan totals each year, Sarah's payments will be around $170/month. With the Edmit Guarantee, she will save a total of $1,020 while she's looking for work.

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Featured Lenders:

 

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Is this for me?

If you're entering college for the first time, let us help you figure out how to take the right amount of student debt. Maximize federal loans and grants, which are always the best option. If you need private loans to close the gap, register for the Edmit Guarantee and shop for your private loans using Edmit's site.

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Why is Edmit doing this?

Our mission is to help families make smart financial decisions about college and student debt. We believe strongly in our advice, and we believe that private student loans should come with protections in place for students. So we're putting our money where our mouth is with the Edmit Guarantee.

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We've got your back,
every step of the way

We'll work with you to stay Financially Fit™ — from high school to college graduation and beyond. The Edmit Guarantee is the smarter, better way to choose and pay for college.

FAQ

For additional information, view FAQ's below or email  support@edmit.me.

How does Edmit get paid?

We believe everyone should be better off after college. And while our site doesn’t feature every student lender available on the market, we stand behind the guidance we offer. So how do we make money? Our partners compensate us, which allows us to provide the Edmit Guarantee. This may influence where and how products appear on the site, but it in no way affects our recommendations or advice.

What is the Edmit Guarantee?

We built Edmit to help college students, like you, prepare for the best possible financial life after graduation. That’s why we’ve created better access to resources and tools so you can make the best decisions for yourself, your families, and your futures. Edmit helps you search and discover colleges that are a good financial fit, get personalized estimates of your actual cost of college and monthly debt payments, and make your plans about how to pay for college so that you’re better off afterwards.

We’ve always believed in the quality and helpfulness of our resources to lessen the huge burden of student debt. We're so confident our recommendations will help you maximize your earnings and minimize your debt that if you take our advice but still can't pay your debt because you're earning less than $20k/year, we'll cover up to your first six payments on your eligible private student loans.

What student loan payments are covered?

The Guarantee payments apply only to those private student loans that you take out through the Edmit platform, so if you want the protection of the Guarantee, be sure to start your private student loan applications here. There are no extra costs or any fees required to register or receive Guarantee payments. 

What do the numbers look like?

We have a rule of thumb: don’t take more in total student loans than what you’ll make in your first year after college.

Federal student loans have great protections built-in. We always recommend you take those first (that’s up to $31k over 6 years). Then, if you still have a gap, apply for private student loans through Edmit in order to be eligible for our Guarantee.

Here’s an example:
A high school student is entering her freshman year at College X. Let’s call her Sarah.

Sarah’s cost of attendance, after grants and scholarships, is $25,000 per year. 

She’s planning to graduate in four years and so will need $100,000. She knows she has $60,000 covered from savings and income she’ll earn during college. So $40,000 will need to come from loans.

Sarah comes to Edmit to see her expected income after graduation. She is planning to major in Business. Edmit’s data shows she can expect to earn $50,000 in the first year after graduation. Since that number is greater than her total expected loan amount ($40,000), Sarah is eligible to register for the Edmit Guarantee.

Over four years, Sarah will be able to borrow $27,000 in federal student loans. The rest of her student debt ($13,000) will come from private loans. For every private loan borrowed through Edmit, the monthly payments will be covered by the Guarantee for up to six months if she isn’t making $20,000 after graduation. At an interest rate of 6% with equal loan totals each year, those payments would be around $170 per month - so a total of $1,020 would be covered by the Guarantee.

Who is this for? When and how do I register?

We designed the Edmit Guarantee for students entering an undergraduate bachelor’s degree for the first time. At this time, the Edmit Guarantee is not available for graduate degrees. You may register by clicking "Guarantee Your Student Loans" on this page.

What is the deadline to register?

Registration for the Guarantee opened in July. You must complete all of the registration steps before your eligible student loan is disbursed, which happens after you are approved for the loan and before the start of the term. You can inquire with your lender for details on the timeline for your loan. 

Do I need to be a full time student?

There is no requirement that you be a full time student for all of your time in school. You do need to finish your degree within 6 years from when you register for the Guarantee.

How do you calculate expected income?

Edmit uses historical data provided by the government and the colleges in our database, as well as research on economic outcomes for different majors, to estimate expected income. You can learn more about our data here.

How do I calculate my “total loan amount”?

Ultimately, you will decide how much debt you need to take on. We can help you calculate an estimate based on the cost of the college you’re attending (after grants and scholarships) and your expected contributions from savings, income, or other sources. Your total loan amount includes federal and private student loans that you use to finance your undergraduate education.

What about federal loans?

Edmit recommends maxing out your federal student loans, which already come with a variety of protections and flexible repayment plans, before using private loans to pay for college. Your college will let you know what federal loans you are eligible for, based on your FAFSA. They do count towards your total student loan amount in determining your eligibility for The Edmit Guarantee. But federal loans are not eligible for Edmit Guarantee payments.

What if my circumstances change mid-way through my degree?

Once you are registered for the Edmit Guarantee, you can make changes along the way (for example, changing majors or transferring colleges) as long as you continue to meet the requirements. If you plan to transfer colleges, you should come back to Edmit to confirm that your new college is a Participating College, receive a new estimate for your expected first-year earnings, and update your profile. If you are changing your program of study, you should come back to Edmit to receive a new estimate for your expected first-year earnings, and update your profile. If you take out more or less than you expected to in loans, Edmit will still cover up to six months of qualifying loan payments as long as you meet the eligibility requirements when you graduate.

Does the Edmit Guarantee apply to graduate students?

No, not yet! Edmit currently only covers undergraduate programs. We continue to grow and expand our product offerings, so stay in touch.

How will the payments get made?

You’ll need to submit your loan documents and demonstrate that you made less than $1,667 in the previous month (the equivalent of $20k/year) and are actively looking for work. We will verify your total student loan amount and request other information (such as your date of graduation) to confirm your eligibility.

What if I have a part-time job when I graduate?

As long as you're making less than $1,667/month, you're covered under the Edmit Guarantee for the first 6 months after graduation as long as you maintained your eligibility while in school.

What if I have more questions about the Edmit Guarantee?

You are always welcome to email support@edmit.me with additional questions.