GreenNote > Schools
Utilize GreenNote to Administer
an Institutional Loan Program
 
We’ve been hearing from schools regarding the turmoil in the traditional credit markets. There is quite a bit of concern about students who may still have outstanding balances or upcoming payments due and do not have access to additional federal funding or traditional private student loans. Rather than losing students, some schools have chosen to put their balance sheets and funding to work by establishing an institutional loan program administered by GreenNote. We can customize the terms and help develop a loan program to fit your specific needs.

If you’re interested in learning more about how GreenNote can help your institution, please contact:

Denise Eder at deder@cology.com or at (916) 281-3540.

Financial aid offices traditionally helped students find the most effective ways of financing their education. Now there is another powerful resource available for your students.


GreenNote is an innovative, new service that helps students connect with their social network - family, friends, and community - to secure low-cost, certified student loans based on character, not credit. GreenNote is not a lender. Rather, we provide a platform that enables students to get loans for school.

  • Using the GreenNote online platform, students first set up a profile and then communicate with their social network to obtain student loans.
  • Individuals in the network (lenders) agree to loan as little as $100 each.
  • GreenNote facilitates the collection of all the different lenders’ funds and handles all the documentation and details.
  • GreenNote submits the loan requests to the schools for certification and arranges for the disbursement of funds directly to the schools.
  • GreenNote provides all servicing on behalf of the students and lenders.

The process results in formal personal loans between the students and their lenders, backed by legally enforceable loan documents.


GreenNote loans are an attractive alternative to higher-priced loans from traditional private student lenders.

GreenNote loans feature:
  • A low fixed interest rate of 6.8%
  • No co-signer or citizenship requirement
  • No credit approval, FICO scores, or underwriting process

We are interested in working with schools to bring this new low-cost alternative student loan to your students.

For more information, contact us.

  
How We Work with Schools
  1. Students set up online profile.
  2. Contact your social network - friends, family, etc... - all via email.
  3. Individuals in your network agree to lend you money for school.
See complete steps
  1. What does GreenNote do and who is behind them?
  2. What are the loan terms for students?
  3. How does GreenNote work with schools?
Find out more