What do I need to know about student loans?

What is College Loan Express? 

College Loan Express was designed with the student and family in mind.  We provide a fast and affordable loan package to help with school expenses and offer a benefits package which includes but is not limited to CLX Rewards, Tuition Lock Box, Credit Climber, Equifax Credit Monitoring, and more. 


Who is eligible to apply for a loan at College Loan Express?

Anyone over 18 years of age.


In what states am I eligible to apply for a loan through College Loan Express?



Do I need a cosigner?

If you do not work full-time or have an established credit history then you may need a cosigner.


If I need a cosigner can it be someone other than my parent?

Yes, you can invite anyone over 18 years old to apply as a cosigner.


Can I have more than one cosigner?

College Loan Express offers one cosigner with an unlimited number of contributors. Receiving contributions from multiple sponsors provides an affordable solution to rising tuition costs.


How much does it cost to apply?

There is no application fee to apply for a loan through College Loan Express.


What is the virtual gift bag that I get for applying?

The virtual gift bag is a link made available to a web portal that enables an applicant to access a variety of discounts on products or services contributed from our sponsors.


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 within 3 business days to confirm your acceptance.


How much money can I borrow?



What is the term of the loan?

The term is 12 months. 

Additional details can be found in the terms and conditions and the promissory note.


How is my loan disbursed?

If approved, your loan funds will be disbursed by ACH to your designated Florida bank account.


When will my payments begin?

Check the terms and conditions and your promissory note  to learn about payment due dates.

This will be sent in your confirmation email.


Are there any other fees?

Absolutely Not!!


What is included in my Benefits Package?

Your Program Benefits Fee will include the following amazing benefits:

  • CLX Rewards Program - Access to our CLX Rewards Program including up to $100 per month in discounts and coupons to many of your favorite restaurants and retailers.
  • Equifax Credit Monitoring - College Loan Express automatically gives you Silver Package credit monitoring powered by Equifax, including $25,000 of fraud protection.
  • Credit Climber - CLX’s Credit Climber feature helps students build credit, this feature will help you make sure that existing credit (like that of the co-signer) stays good and secure.
  • Tuition Lockbox - We make it easy to plan and save for college with Tuition Lockbox. This unique kick-starter feature allows friends, family, and sponsors to contribute towards your tuition or school related costs.
  • Employer Direct deposit – CLX offers an innovative way to manage your monthly installments by offering direct deposit from your employer’s payroll direct deposit program.


How do I make my payments?

Subject to approval, you can pay by check, ACH auto-pay or through your employer’s payroll direct deposit program.


How do I or my cosigner sign up for payroll direct deposit with my employer?

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


Are there any prepayment penalties?



Once I pay off my loan, am I eligible to reapply?



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