Sparrow is an online marketplace where students and parents can fill out a single application to see if they prequalify for loan offers from a variety of lenders. Though Sparrow is not a lender itself, potential borrowers can use the free service to see the rates for which they qualify. The company is based in New York City, and its lending partners issue loans in all 50 states and the District of Columbia. International students from countries that are not sanctioned by the Office of Foreign Assets Control also can use Sparrow’s services.
Sparrow was founded in 2020.
- Sparrow provides users with personalized loan offers, rather than estimates.
- You can fill out one application to find offers you’re prequalified for from multiple lenders.
- Federal student loans are not available through Sparrow.