Vocational Training Loans

Two guarantors are required for all loans, and both guarantors must complete and sign Guarantor Forms. A married couple is considered one guarantor. If a guarantor is married, his or her spouse must also complete and sign the Guarantor Form.  

Each guarantor is “jointly” and “severally” liable for the loan in the event a borrower is unable to pay for any reason. This means that, while HFLS would expect each guarantor to share equally in the responsibility of repaying the loan, each is liable legally for the full amount, and any one guarantor could be called upon to repay the balance due.

The information and documents below are required for a Vocational Training Loan.

From the borrower:

• Online Loan Applicationsubmitted by the applicant and including information for their spouse or partner, if relevant. The Undergraduate Loan online application for parent borrowers can be found here.
• Proof of enrollment and documentation of the vocational school or program accreditation, graduation rate, and job placement statistics.
• Documentation of any financial aid received.
• Copies of government-issued photo IDs that include signatures and serve as proof of address for the borrower and their spouse or partner, if relevant (e.g. driver’s license). If the driver’s license does not include the borrower’s current address, HFLS may require proof of residency (e.g. a utility bill or account statement).
• Bank document that includes the borrower’s name, checking account number, and routing number. This may be a voided check, a screenshot from your online banking portal, or another bank document.

From the guarantors:

• Online Guarantor Form submitted by the guarantor and including information for their spouse or partner, if relevant. The guarantor will receive an email including a unique link to an online Guarantor Form after the applicant submits their application.
• Copies of government-issued photo IDs for the guarantors (and their spouses or partners, if relevant), e.g. a driver’s license or U.S. passport. HFLS may ask for proof of address if the ID does not provide it.

HFLS reviews and decides on loan applications daily. If we have questions about your application or guarantor, you may receive a call or email from a Loan Officer asking for further information before HFLS will make its decision.

HFLS, in its discretion, may decline to make a loan, make a loan in an amount less than that requested, or require different or additional guarantors.