FAQs

How do I apply for a MyRichUncle Student Travel Loan?

You can apply three ways:
- In an STA Branch: See any travel advisor to get started with your loan application
- Online: To get started go to http://statravel.myrichuncle.com
- Over the phone: Call 800-926-5346

How can I use the funds from my MyRichUncle Student Travel Loan?

You can spend your disbursed funds on any education-related expenses, including student travel.

How do I qualify for a MyRichUncle Student Travel Loan?

- You must be enrolled at least half time at an eligible institution
- You must be at least 18 years old, or the age of the majority in your state
- You must have a U.S. citizen or permanent resident as a Co-Borrower that meets criteria for creditworthiness.

How much can I borrow?

- Annual minimum of $1500
- Annual maximum of $50,000 or the total cost of attendance at your institution

What is the term (length) of my loan?

- 20 years after the end of deferment and grace period for most loans
- 25 years for Medical, Osteopathic and Dental Loans

Other benefits of MyRichUncle loans include:

- Receive fast online approval
- Option to make no payments until 6 months after you graduate: You can defer making payments on your loan not only until after you graduate, but through an additional 6-month grace period as well
- A .25% interest rate reduction if you choose to have your loan payments automatically deducted from your bank account OR if you make 48 consecutive on-time payments
- Full deferment and forbearance options available while the student is in school, working towards a medial residency or internship, unemployed or experiencing an economic hardship, or serving in the military

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