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