Eligibility Guidelines

We are looking for a diverse set of candidates that have performed well in school and are from low-income households. Here are some guidelines to decide if a Sixup loan is right for you:

Basic Eligibility (things that MUST be true about you):

  • You are a resident in a state we lend in
  • You are an undergraduate student or will be one at the time of the loan
  • You have admission to, or are enrolled full-time, in a four-year, non-profit, Title IV institution
  • You are a US citizen or permanent resident
  • You are 18 years of age (or the age of majority in your state)

Ideal candidates:

  • High-achieving with strong academic performance
  • Pell grantee, first generation college student or other underserved student
  • Have completed FAFSA and accepted all financial aid and work study offered to you
  • Have a minimum need of $2,500 (must exceed $3,000 for Georgia residents and must be at least $5,000 for residents of California and maximum need of $15,000 per academic year
  • Meet one of the following three student profiles:
    • In-college: student of 4-year colleges (no for-profit schools eligible) with a remaining financing gap after maximizing federal, state and institutional aid, scholarships and work study
    • Transfer: student transferring from a 2-year college to a 4-year college (no for-profit schools eligible)
    • Incoming first year: incoming first year student who needs some extra financing to fill the gap


See also How does Sixup determine whether or not I get a loan?

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  • 1
    Dan Rodkin

    I am exploring your website to learn more about your service, but I have issue with a statement above: "student looking to upgrade from a 2-year college to a better 4-year college".  While I added the emphasis for my comment, I am concerned that Sixup is implying that 2-year colleges are inferior to 4-year institutions.

    If Sixup believes this to be true, you may find it a challenge to partner at community colleges in the nine states listed above, which are move to about ~300 w-year institutions.  

    If this is not Sixup's opinion, perhaps this posting could be editted.  Thank you. 

  • 0

    Thank you for pointing this out, Dan! It was poorly worded and has been edited. We of course do see 2-year schools as an option for many students; we also know research suggests that community college transfers are very successful upon transfer when going full time at 4-year institutions. Our mission is to make multiple higher education pathways a viable option for all students. If you have further questions or ideas, we’d love to talk.

  • 0
    Ashhley ___

    What is the average or most common GPA that is accepted for a Sixup loan?

  • 0

    GPAs have a wide range, but the average GPA of a Sixup student is 3.2. 

  • 0

    Is Sixup a bank or a credit union? I mean who is the owner behind it? W.Buffet?

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