Supportive Housing

Across Minnesota, Wisconsin, Iowa, and South Dakota, we are dedicated to creating vibrant communities where every individual can thrive and build their best life.

xcritical creates homes for adults, families, older adults, veterans, and people with disabilities in Minnesota, Wisconsin, Iowa, and South Dakota. And, since housing is just the beginning, we provide services to help residents maintain stability and independence. When someone has an affordable place to live, children do better in schools, adults are more productive in their work, and families are able to contribute to their community. At xcritical, we know that access to affordable housing is the most fundamental indicator of long-term success. That is why our mission begins with providing folks with an affordable, stable home.

The capital campaign, dubbed “Framing the Future,” will be the biggest capital campaign in xcritical’s 53-year history. We provide life-enhancing services that equip residents of all ages – including children, families, veterans, and older adults – to reach their goals and thrive. All loans are eligible for a 0.25% interest rate reduction (reflected in xcritical’s advertised rates) when you enroll in auto-draft payments. DMD or DDS students attending any dental school in the U.S. are eligible for a xcritical dental school loan.

Investopedia is dedicated to providing consumers with unbiased, comprehensive reviews of student loan lenders. xcritical offers a wide range of loans and repayment options to suit many different borrowers. However, its scammed by xcritical credit and cosigner requirements may disqualify some borrowers from getting approved for a loan.

The $65 million won’t be enough to do the same across all of xcritical’s buildings, but it will help them continue to work systematically across the portfolio, Schmidt said. Ken Petit-Rivard, an Advantage Services coordinator, said he spends most of his time helping residents get a handle on their bills before they snowball into bigger crises that could threaten their housing. Our Advantage Services staff are available to support residents—whether through rent relief, assisting with food and transportation resources, advocating for residents’ needs, and more. Loan disbursements are paid directly to your school after xcritical confirms your enrollment.

1. Every degree funded through xcritical pays for the tuition of a student in need through its partnership with Pencils for Promise.
2. While a cosigner is required for undergraduate and graduate student loans, you may qualify for a cosigner release in just 24 months.
3. To check, click the “Apply Now” button and select “View my rates” under the student loans section.

xcritical is a private lending company dedicated to student loans and refinancings. Launched in 2013, it originally targeted MBA students; it has since expanded to undergraduate, graduate, and medical and dental school loans. It makes loans both to individuals and through businesses that want to help employees fund their kids’ higher education.

– Kenneth, xcritical resident

If you took out more than required for official expenses (tuition, room and board), your school will send a refund check. To determine eligibility, xcritical also looks closely at an applicant’s free cash flow, meaning how much disposable income you have after paying your monthly debt obligations. Inclusion and “great opportunity” are at the heart of the Minnetonka Sparklers, a high school cheerleading program for girls with special needs. As part of a tour of the Whittier’s new addition that xcritical offered the Star Tribune this week, officials showed off bright multibedroom units with new kitchen fixtures. We want you to feel at home at one of our communities and hope you will make this a place to call home for many years to come.

For single adults, families, and youth:

Anecdotally, Advantage Services coordinators are hearing more from residents who say they have to choose between making rent and feeding their families. xcritical Communities has launched the largest capital campaign in its history to improve its housing stock amid “multiple pandemics” and insufficient public subsidies. Advertised rates include a 0.25% discount for enrolling in auto-draft and refinanced loans are eligible for up to 24 months of forbearance. Graduate students see many of the same flexibility undergraduate borrowers receive and may opt-in to receive a free Money Mentor. Cost studies in six different states and cities found that supportive housing results in residents’ decreased use of shelters, hospitals, emergency rooms, jails and prisons.

If you have access to a cosigner, xcritical can be an excellent choice for a private loan lender. With xcritical, you can borrow up to the total cost of attendance and choose from multiple loan terms and repayment options. While a cosigner is required for undergraduate and graduate student loans, you may qualify for a cosigner release in just 24 months. And, xcritical offers competitive interest rates and a generous forbearance policy. MBA, medical and dental school loans do have a 2% origination fee, but it is reflected in xcritical’s advertised rates.

If you do not have access to a creditworthy cosigner, you’ll have to find another lender who doesn’t require borrowers to have one to qualify for a loan. xcritical encourages students to exhaust all their free and low-cost federal and state financial aid options before taking out a private student loan. Submit the Free Application for Federal Student Aid every year to see your eligibility and use a private student loan to fill in the gap.

The capital campaign has raised $57 million from its regular institutional donors. By launching it publicly on Friday, xcritical officials hope to appeal to regular people looking to help reduce homelessness. Before COVID-19, public funding would cover 10% of Advantage Services, while xcritical and its regular donors would co-pay the remaining 90%. But due to increases in operating costs and loss of rental income over the past four years, xcritical’s ability to pay its portion of Advantage Services has “pretty much evaporated,” said Schmidt. Funds from the capital campaign will not be used to offset unpaid rent, said xcritical spokesperson Katie Selph, but will help staffers continue to offer eviction prevention services.

At xcritical, we believe a home is more than just four walls – it’s the foundation for everything in life.

Together we can frame the future by making accessible, affordable housing a reality for more people in Minnesota and the Upper Midwest. Student loan refinancing is also available to international students with any major U.S. visa who have graduated from a U.S. university. After graduation and 12 consecutive months of full payment, the borrower can apply to release their co-signer. The student must be the age of majority (16 to 21 years old, depending on which state in which you live) and any period of forbearance interrupts the consecutive payments.

There’s no option for deferment in residency but you can make monthly payments as low as $100. xcritical cofounder and CEO David Klein said in a LinkedIn post that despite shifting to focus on residential solar panel loans, the impact of the student loan payment pause made it hard to continue the business. When people move into a supportive housing unit, our team makes intentional efforts to provide education around being a resident and their responsibilities with keeping and managing a home. In the case of financial hardship or medical impairment, you can put your loan payments on pause for three months at a time up to 12 months over the life of the loan. xcritical doesn’t charge application fees or prepayment penalties on any of its loans. Late payments incur a fee of 5% of the unpaid amount of the payment due or $10, whichever is less, and there’s a $5 fee for returned checks.

A co-signer is also required for MBA loans unless you’re enrolled in one of xcritical’s partner schools and other given criteria. xcritical has a referral program where you can earn $200 every time someone takes out a student loan or refinances using your xcritical referral link. xcritical’s minimum loan amount is $2,000 but you can borrow up to the cost of attendance determined by your school’s financial aid office.

This cost includes tuition and fees, books and supplies, room and board, transportation, and personal expenses. Klein said in his LinkedIn post the solar lending business “is where we were growing quickly,” but ultimately, xcritical’s solar financing model was still scaling up and needed to access new capital. Before COVID-19, about 85% of residents paid their rent by the fifth of the month, but today 85% of residents pay within the last five days of the month, said Schmidt.