How It Works


Currently we are accepting students in MBA, Law, Medical, Dental, and Pharmacy programs.

Students provide the following information when they join:

  • Name
  • Email
  • Domestic or International Student
  • Degree Type (MBA, JD, MD, Dental, Pharma, Other)
  • School
  • Expected Graduation Year

In addition, we ask for the following optional financial information to assist with lender negotiations.:

  • Estimated credit score (we do not run any credit checks)
  • Expected annual income (for many students this is zero and that's fine)
  • Co-signer status
  • Estimated amount of loans needed

The financial information provided is not directly used for loan applications, but rather to inform lenders of the loan pool size and the general creditworthiness of our group. Finalized information will be required later through the selected lender’s application process.


We reach out to dozens of lenders to inform them of the size of our negotiating group and the rules of the competition. We kick off the competition on a scheduled date by sending the same set of information (any information shared about students is anonymous) to all the lenders that have indicated they would like to participate. Then we open discussions with lenders to ensure they fully understand the information we have provided.
The bids will help us understand the rates and terms each student in the group can expect to receive. We ask lenders to provide options for flexible repayment terms and both fixed and variable rates, however some lenders may choose to provide more limited terms.

We evaluate each offer based on a range of factors, with a heavy emphasis on how much money each bid will save our members. We also evaluate non-financial features. In aggregate, these include:

  • Interest Rate
  • Fees (Application, Origination, Prepayment, You name it)
  • Term Options (5 Year, 10 Year, etc.)
  • Repayment Options
  • Customer Service and Ease of Loan Application
  • Death and Disability Policy
  • Eligibility Criteria
  • and a lot more.

Based on our evaluation, we select a single lender for a large group of students. We have found this approach works best as it prompts lenders to offer rates and terms that are better than anything available to students in the market currently.


We inform students about the negotiated deal via email and share a link through which students can take advantage of the negotiated rate.

We provide students with a sophisticated and unbiased calculator that can help students decide which loan is best for them, i.e. the negotiated offer or any other offer they might come across. We also highlight the differences between the negotiated deal and federal loan options (for domestic students).

Students complete any loan application process directly through the selected lender. Students have no obligation to take the deal we have negotiated. They may choose to use a different lender or not take a loan at all.
LeverEdge follows up using student surveys and platform testing to ensure students receive rates and terms that are in line with expectations based on the bid the lender submitted during the competition phase.

Access the Negotiated Deals

Graduate Student Loans

Join 2,000+ graduate students using a negotiated loan to pay for school.

Interested in Learning More?

Learn how LeverEdge negotiated a low-interest loan for MBA students in Fall 2018.

Check out our Track Record

Read the anonymous reviews that students provided after our last negotiation.

Read our Reviews