Parents smiling with their daughter after her college graduation

Education ›

SEIU Parent Loan Program

Give the gift of education by helping your student pay for their degree

In partnership with



Help a child cover the cost of college on your terms with the SEIU Parent Loan Program

Bridge the gap or pay for essentials so that a loved one can focus on learning—with less financial stress

  • checkGet a special 0.25% interest rate discount only offered to SEIU members1
  • checkGet an additional 0.25% interest rate discount with auto-pay enrollment2
  • checkFlexible loan terms with multiple repayment options. Choose how long you take to pay back the loan—between 5 and 15 years3
  • checkCover up to 100% of the school-certified cost of attendance4
  • checkPay zero origination fees, application fees or pre-payment penalties
  • checkApply and get a credit decision in just three minutes


The SEIU Parent Loan Program helps take the stress out of paying for your child’s college education


The loan stays in your name

Stay in control. The loan will be in your name alone, as opposed to you cosigning a student loan with your child.

Save on interest

With an exclusive SEIU member discount of 0.25%1 and an additional 0.25% interest rate reduction with auto-pay enrollment,2 you can save on interest over time.

You’re in control of your repayment options

Choose how long you take to pay back the loan—between 5 and 15 years—and pay as little as the interest charges each month while your child is in school. You choose what works best for your budget.3

School-certified costs are covered automatically

Funds are disbursed directly to the school to cover certified expenses.4

6 Best Ways to Help Pay for College

Most students qualify for some form of financial aid. Learn 6 ways to cover your costs and other resources to help you create a financial plan by watching this video.


Apply for a student loan using the SEIU Parent Loan Program

How To Apply

  1. Make sure you’re signed in to your SEIU Member Benefits account.
  2. Click on the “Get Started” button to visit the College Ave website.
  3. On the College Ave site, select “Apply Now.”
  4. Complete the required fields in the online application and receive your instant credit decision.
  5. Choose your loan terms upon approval.


Your questions, answered

Qualified applicants can borrow up to 100% of the school-certified cost of attendance, which typically includes expenses such as tuition and fees, books and supplies, room and board, transportation and personal expenses.4

When you take out a parent loan, you are fully responsible for the repayment. Either you or your child can repay the loan, but if a default occurs, it will affect only your credit, not your child’s. That also means your child’s credit won’t benefit positively from on-time payments. In addition, with the SEIU Parent Loan, you have the option to directly control the allocation of loan funds.

When you cosign a student loan, your good credit is helping to secure the loan. You and the student share responsibility for the repayment. Your credit and your child’s credit both will be affected. And all of the private student loan funds will be directly disbursed to your child’s college to cover expenses.

The SEIU Parent Loan, offered in partnership with College Ave Student Loans, was designed to help you pay for and manage your child’s college expenses as easily and inexpensively as possible. As an SEIU member, you’ll get a 0.25% reduction on your interest rate.1 You can reduce your interest rate by an additional 0.25% (subject to additional terms) if you select an automatic payment method from your checking or savings account.2

You can apply for the SEIU Parent Loan by logging in to this site and clicking on the “Get Started” button above. You’ll be directed to the College Ave Student Loans website, where you’ll be asked to enter information about yourself and your loan needs. (College Ave cannot take applications by phone because required disclosures are presented during the online application process.)

You can apply and get your credit decision within 3 minutes. As soon as you’re approved, you’ll be asked to accept your terms and e-sign your loan documents.

A private parent loan can fund a semester, a quarter, or up to a full academic year at a time. During the application process, you’ll indicate the time period you want the loan to cover. Each loan is separate: If you take out multiple loans over the course of your child’s education, they won’t be automatically combined.

A private parent loan can help you pay for your child’s college expenses that aren’t already covered through scholarships, grants and federal student loans. The funds are directly disbursed to your child’s school to cover approved expenses.

Help finance your education goals

Additional Information

1. SEIU members receive a 0.25% interest rate reduction on Parent loans that are opened through the SEIU Member Benefits portal. The SEIU member discount will be applied to your loan account after the initial disbursement occurs.

2. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. If a payment is returned, you will lose this benefit.

3. This informational repayment example uses typical loan terms for a freshman borrower who selects the Deferred Repayment Option with a 10-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 8.35% fixed Annual Percentage Rate (“APR”): 120 monthly payments of $179.18 while in the repayment period, for a total amount of payments of $21,501.54. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary.

4. As certified by your school and less any other financial aid you might receive; minimum $1,000.

The SEIU Private Parent Loan Program - Undergraduate is provided by College Ave Student Loans. College Ave Student Loans products are made available through Firstrust Bank, member FDIC, First Citizens Community Bank, member FDIC, or M.Y. Safra Bank, FSB, member FDIC. All loans are subject to individual approval and adherence to underwriting guidelines. Program restrictions, other terms, and conditions apply.