NEA Graduate Loan Program

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NEA Graduate Loan Program

Cover grad school expenses with a customized private student loan that fits your budget

Get Your Student Loan Today

We also offer undergraduate loans, parent loans, and student loan refinancing.

In partnership with

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Get the extra money you need for postgraduate education—on your terms

Federal grants and loans don’t always cover the complete costs of higher education. The NEA Graduate Loan Program offers teachers and educators customizable private student loans that can help graduate students and future teachers bridge the gap.

  • NEA members are eligible for a special 0.25% interest rate discount.1
  • Choose from loan terms of 5, 8, 10, or 15 years.4
  • Get an additional 0.25% interest rate discount when you enroll in auto-pay.2
  • Choose from four repayment options – full principal and interest, interest only, flat payment and deferred payment.
  • Cover up to 100% of the school-certified cost of attendance.3
  • There are no origination or application fees, or pre-payment penalties.

How It Helps

Terms that help you manage the high cost of a graduate education

Get approved quickly

The NEA Graduate Loan Program, in partnership with College Ave Student Loans, allows you to apply online and get your credit decision in as little as three minutes.

Applying for a private student loan?

Adding a cosigner may help. 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.

Save on interest with a special rate reduction

With an exclusive NEA member discount of 0.25%1, plus an additional 0.25% interest rate reduction with auto-pay enrollment,2 you can save on interest over the long-term.

Your bills are covered automatically

Funds are disbursed directly to the school to cover school-certified graduate expenses, such as lab fees and dining plans.3

You’re in control of your repayment options

Choose from loan terms of 5, 8, 10, or 15 years4 and pick one of four repayment options: immediate full principal and interest, interest only, flat pay or deferred. You choose what best fits your financial needs.

How It Works

How to apply for a graduate student loan

  1. Make sure you’re logged in to your NEA Member Benefits account, then click the “Get Your Student Loan Today” button to go to the College Ave website.
  2. On the College Ave website, click the “Apply Now” button and complete the online application. It only takes about three minutes.
  3. Receive an instant credit decision.
  4. Upon approval, choose your loan terms.


Your questions, answered

Help finance life’s bigger expenses

Terms & Conditions

1. NEA members receive a 0.25% interest rate reduction on Graduate loans that are opened through the NEA member benefits portal. The NEA 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 first year graduate student 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 7.10% fixed Annual Percentage Rate (“APR”): 120 monthly payments of $141.66 while in the repayment period, for a total amount of payments of $16,699.21. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary.

The NEA Graduate 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.