Guarantors
All loans require ONE qualified loan guarantor. Guarantors must meet the following criteria:
- Guarantors must be at least 18 years old, with a preference for 21 years old+
- Must be a US citizen or a US Permanent Resident
- Must live permanently in the United States
- Must demonstrate an ability to repay a loan if the Borrower defaults on the loan
- Must be willing to undergo a credit check as part of the vetting process
The following people may not guarantee a loan, even if they meet the requirements above:
- Pulpit Clergy (rule exists for Clergy protection)
- Your Spouse or Domestic Partner
- Other family members in your immediate household
- Persons who currently have an STLJLA loan
- Persons who previously defaulted on a STLJLA loan, either as a Borrower or Guarantor
If you (or your Guarantor) meet some but not all the criteria above, please email us or call us at 314-442-3755. We are here to help, and we may be able to make exceptions to certain requirements.