Currently we are accepting students in MBA, Law, Medical, Dental, and Pharmacy programs.
Students provide the following information when they join:
In addition, we ask for the following optional financial information to assist with lender negotiations.:
The financial information provided is not directly used for loan applications, but rather to inform lenders of the loan pool size and the general creditworthiness of our group. Finalized information will be required later through the selected lender’s application process.
We evaluate each offer based on a range of factors, with a heavy emphasis on how much money each bid will save our members. We also evaluate non-financial features. In aggregate, these include:
Based on our evaluation, we select a single lender for a large group of students. We have found this approach works best as it prompts lenders to offer rates and terms that are better than anything available to students in the market currently.
We inform students about the negotiated deal via email and share a link through which students can take advantage of the negotiated rate.
We provide students with a sophisticated and unbiased calculator that can help students decide which loan is best for them, i.e. the negotiated offer or any other offer they might come across. We also highlight the differences between the negotiated deal and federal loan options (for domestic students).
LeverEdge Association is not an advisor
LeverEdge Association's services are only administrative. LeverEdge Association does not endorse or recommend the products of any particular Lender. Except as otherwise provided for your state, LeverEdge Association is not an agent of you or any lender. You should rely on your own judgment in deciding which available loan product, terms and Lender best suit your personal financial requirements.
LeverEdge Association does not discriminate
The Federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age (provided the applicant has the capacity to enter into a binding contract); because all or part of the applicant’s income derives from any public assistance program; or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act. The agency that administers compliance with this law varies by lender depending on its lending authority, but may include the Federal Trade Commission, Equal Credit Opportunity, Consumer Response Center, Washington, DC 20580 or at 1-877-FTC-HELP (1-877-382-4357); TDD 1-866-653-4261; or at www.ftc.gov.
LeverEdge Association is not a creditor
LeverEdge Association DOES NOT take mortgage, student loan, or refinance loan applications, originate, service, make loans or credit decisions in connection with loans, nor does LeverEdge Association issue commitments or lock-in agreements. Any loan inquiry you submit is NOT an application for credit. Rather, it is an inquiry to receive conditional loan offers from Lenders. You may have to complete an application with a Lender before they will extend an unconditional offer.
How LeverEdge Association makes money
LeverEdge Association sometimes earns a sales commission or advertising fee when we share a product or service with you and you choose to use the same. Similar to when you are being sold any product or service, be sure to read the fine print, understand what you are buying, and consult a licensed professional if you have any concerns. Please do your homework and let us know if you have any questions or concerns.
Other Disclosures (if any)