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.
Cover up to 100% of the school-certified cost of attendance, with funds that are disbursed directly to the school to cover expenses, including lab fees and dining plans.3
Choose from loan terms of 5, 8, 10, or 15 years4 and pick one of 4 repayment options: immediate full principal and interest, interest only, flat pay or deferred.4
If you are thinking about applying for a private student loan, adding a cosigner may help your chances of being approved and getting a better interest rate.
Consider adding a cosigner to your application. This may help your chances of being approved and getting a better interest rate. This video explains the requirements for adding a cosigner.
HOW TO GET THIS
How To Apply
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.
College Ave will send the loan to the school for certification, which can take a few days or even a few weeks, although that’s less common. Once College Ave receives the certification from the school, funds will be sent according to the school’s requested timeline.
1. SEIU members receive a 0.25% interest rate reduction on Undergraduate 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. As certified by your school and less any other financial aid you might receive; minimum $1,000.
4. 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.
The SEIU Undergraduate Loan 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.