Sending a child to college can be one of the largest expenses a parent will incur.
College tuition costs are rising and it is becoming more difficult, if not impossible, to pay for your child's entire education.
However, just because you cannot pay for your child's education does not mean you cannot support them.
With Fynanz, you and your child are finally in control – you specify the amount,
you specify the rate,
and other people in the Fynanz community bid to lend you money!
Here's how you can help:
- Cosign your child's loan, your established credit history will help
qualify them for a loan1
Note: Qualified juniors and seniors can apply without a cosigner.
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- Fund a portion of your child's loan – we'll even match what you lend to your child dollar for dollar!
- Get others to bid on your child's loan
Parents, family and friends can lend money and help to lower the interest rate on the loan as it
builds confidence for other lenders to also lend money to your child,
encouraging competition.
The more people that compete to fund your child's education, the lower the interest rate can potentially be on the loan.
Benefits:
- Satisfaction of helping fund your child's education
- Helping your child get a competitive rate AND build a credit history
- The process is simple, with you in control
- As a lender, you get an attractive return on the loan
The Fynanz OpenLoan allows parents to help their children get a competitive interest rate,
build credit history and become fiscally responsible.
By cosigning and lending your child money, you are investing not only in your child's education but also your child's future.
We hope you are paid back in many ways well beyond monetary terms!
1 We understand the commitment you make by cosigning your child's loan.
Once your child has become financially responsible and made just 24 on-time payments you can be released as the cosigner.
Don't worry, the loan rate or any benefits will not be affected once that happens.
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Learn more about...
Got a question? see the FAQs
or email us at:
customer.care@fynanz.com
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