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. 3
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.
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 the video below.
Video courtesy of College Ave.
Apply now and get the extra money you need to make your child’s college goals a reality!
Give the gift of education by helping a student you care for pay for their degree.
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.
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