Multi-Year Approval

Instead of going back to square one next year, we keep you moving forward without another application.^†

Simple

There’s no separate application for Multi-Year Approval. When you apply for an undergraduate, graduate, or parent loan we’ll let you know if you’re approved.

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No Credit Impact

After completing your initial application, simply request funds for each school year without the hard credit inquiry or additional documents.^†

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Adaptable

Plans change? No pressure. Borrow only the funds you need. If you don’t qualify for Multi-Year Approval you may still be eligible for a single-year loan.

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Apply with a cosigner^†

Adding a qualified cosigner could increase your likelihood of Multi-Year Approval and getting the most favorable rate – that means lower monthly payments and less interest paid over the life of the loan.

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With Multi-Year Approval, It’s Easy

From applying to requesting your funds every year, Multi-Year Approval is designed to be convenient for you start to finish.

Get Started

Apply online

Easily apply for an undergraduate, graduate, or parent loan from your computer or mobile device.^†

Select rate and terms

Choose your rate, the loan term, and how and when you want to repay the money.

Submit application

Our Student Lending Advisors will let you know if you qualify for Multi-Year Approval after you submit your loan application.

Sign and accept

You and your cosigner (if applicable) can sign and accept your loan documents electronically.

Year two and beyond

Each additional year that you need loans, simply request additional funds with no hard credit inquiry or additional documents needed.^†

Frequently Asked Questions

Questions relating to Multi-Year Approval.

When it comes time to apply for another loan the borrower must request the additional loans with the same cosigner, attend an eligible school at least half-time, and be working toward the same degree. The borrower and cosigner will need to pass a soft credit review to verify continued eligibility and meet school certification requirements. This is not a hard-credit inquiry so your credit score will not be negatively impacted.

Have More Questions? Get more answers in our Full FAQs section.

^† For additional information, please click the ^† symbols throughout this page to view our student lending disclosures.

* Multi-Year Approval: Funds available for future use are subject to a soft credit inquiry at time of your next request to verify continued eligibility. After we make the initial Loan to you, you must continue to meet eligibility criteria to obtain additional funds under the Multi-Year Approval feature. Terms and conditions are outlined in the promissory note. Multi-Year Approval borrowers have a 99% approval rate on future requests for additional funds. The additional funds approval rate is based on the percentage of approved Multi-Year borrowers from Citizens between October 1, 2022 and October 1, 2023. The approval rate represents only borrowers who had previously accepted the Multi-Year Approval offer. Please Note: International students are not eligible for Multi-Year Approval.