Student loan requirements and guidelines.

You worked hard to get into college - now your eligibility for a private student loan depends on a just a few simple requirements.

Applying with a qualified student loan cosigner is the simplest way to meet National City Direct Student Loan requirements. A solid cosigner, a parent or other creditworthy adult, makes you a stronger loan candidate. It increases your chances of preliminary approval in as few as 15 minutes and could even help you get a better rate. And unlike other student loans, you won't be turned down because your family income is "too high" or your cosigner "has too much money."

Private student loan eligibility requirements:

To apply you must be:

• At least 17 years of age with a qualified cosigner, or age of majority when applying alone¹

You or your student loan cosigner must satisfy the following credit criteria:

• Unless you are retired, you must have a satisfactory employment history for at least the last two years (if you are self-employed, you must have been in business for at least the last two years),
• You must have proof of current positive income (if you are self-employed, your business must also have a net positive income for the last 2 years),
• You must have at least 21 months of credit experience and a satisfactory credit history,
• You must be a U.S. citizen or permanent resident and have resided in the U.S. for the previous two years, and
• You must have resided at your most current and immediately preceding addresses for a total of at least one year.

Undergraduate and graduate borrowers must be enrolled at least half time in a degree or certificate program at a participating school. Continuing education borrowers may be enrolled less than half time in a degree program or enrolled in a certificate/technical training program.