What do I need to know about student loans?

What is College Loan Express? 

Membership in College Loan Express makes it easier than ever to enroll in classes and pay as you study without the need for long term loans, credit cards, or large deposits with quick payoffs. Pay for your semester in 6 monthly installments through our Tuition From Payroll platform. This platform enables you or your cosigner to make automatic tuition payments directly from your employer paycheck. Even better, you can also invite friends and family to contribute like this as well as so you can "Own Your Education" faster. Members also have access to additional benefits including but not limited to CLX Rewards, the Tuition Lock Box, Credit Climber, Equifax Credit Monitoring, and more. 


How do I join College Loan Express?

To sign up for College Loan Express, Click Here, complete the user-friendly application, and upload any required documents. If you are a college or university interested in partnering with College Loan Express, contact us at info@collegeloanexpress.com


Can my cosigner be someone other than my parent?

Yes, your cosigner can be anyone who wants to see you excel throughout your college education and is willing to accept paycheck deductions to cover the cost of your classes, textbooks, or exam prep courses.


Can I have more than one cosigner?

Absolutely! College Loan Express allows an unlimited number of cosigners and contributors. Receiving contributions from multiple sponsors provides an affordable solution to rising tuition costs.


If I don’t receive a paycheck but have special income sources, can I still apply/cosign?

Of course! As long as you or your cosigner have a verifiable income source such as a pension, VA benefits, or Social Security, you are still eligible to join College Loan Express.


Who is eligible to apply for College Loan Express?

Everyone is eligible to apply for College Loan Express’s innovative payment option.


How much does it cost to apply?

There is no upfront fee to apply for College Loan Express.


What if I am already receiving financial aid, such as a scholarship or Pell grant?

Great! We’re happy to hear that you have help paying for tuition, but we know sometimes that isn’t enough. Even if you already have some financial aid, College Loan Express can help with things that aren't covered (like books, meal plans, campus housing expenses, and additional tuition fees) without the burden of long term student loans.


When do I find out if I have been accepted into the College Loan Express program?

Once you've completed the application and submitted the required documents, College Loan Express will contact you and your cosigner via email within 3 business days to confirm your acceptance.


When will my payments begin?

Check the terms and conditions of your agreement to learn about payment due dates. This will be sent in your confirmation email.


How much is the monthly membership fee?

The membership fee is $25 per month and is conveniently included in your scheduled tuition payments.


How do I or my cosigner sign up for payroll deposits with our employer?

After applying, you and/or your cosigner should contact your employer’s payroll or Human Resources department to start the payroll deposits process. Many companies even allow employees to make changes to their direct deposit preferences online without going through payroll or HR.

My friends and family want to contribute to my tuition costs. Can they do that?

Yes, College Loan Express offers Tuition Lock Box. This unique kick-starter feature allows friends, family, and sponsors to contribute towards your tuition costs. With Tuition Lock Box, your friends and family can rest assured knowing that the money they contribute can only be used to pay for your tuition directly! Learn more by visiting Tuition Lock Box.


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