Give the gift of education by helping a student you care for pay for their degree.
SEIU members are eligible for a special 0.25% interest rate discount.1
Plus get an additional 0.25% interest rate discount with auto-pay enrollment.2
Choose from loan terms of 5, 8, 10, or 15 years. You can even have up to $2,500 sent directly to you for education costs outside of tuition and fees3
No origination or application fees, or pre-payment penalties.
Cover up to 100% of the school-certified cost of attendance.4
Federal loans, grants and financial aid packages don’t always cover all of the costs of higher education. The SEIU Parent Loan Program can help a student you care about bridge the gap or pay for essentials so that a loved one can focus on learning—with less financial stress.
Apply now and get the extra money you need to make your child’s college goals a reality!
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. Variable rates may increase after consummation.
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. Direct Funds – In order to receive up to $2,500 direct, a valid bank account must be designated for direct deposit of funds, and $1,000 or more must be certified by, and scheduled for direct disbursement to, the school.
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 either Firstrust 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.
Attending college is a big financial decision, but luckily, most students qualify for some form of financial aid.
There are many resources to help you create a financial plan.
Register or sign in to watch this video. Already signed in? Just click “Watch Video” and learn 6 ways to cover your costs.