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NEA Parent Loan Program

Help your child manage their degree expenses with a customized private parent loan.

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

In partnership with

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Help your child cover their college expenses—on your terms

Federal grants and loans don’t always cover the complete costs of higher education. The NEA Parent Loan Program offers customizable private loans that can help you pay for school-certified expenses as well as books, electronics or dorm supplies.

  • NEA members are eligible for a special 0.25% interest rate discount.1
  • Start repaying in full immediately or choose to pay as little as the interest charges each month while your child is in school.
  • Get an additional 0.25% interest rate discount when you enroll in auto-pay.2
  • There are no origination or application fees, or pre-payment penalties.
  • Decide how long you’ll take to repay your loan with terms from 5 to 15 years.3

How It Helps

Use the strength of your credit to secure college funding for your child

Get approved quickly

The NEA Parent Loan Program, in partnership with College Ave Student Loans, allows you to apply online and get a credit result in as little as three minutes. The loan will be in your name alone, as opposed to you cosigning a student loan with your child.

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.

You’re in control of your repayment options

Choose from 5 to 15 year loan terms and pay as little as the interest charges each month while your child is in school. You choose what best fits your financial needs.3

How It Works

How to apply for a parent loan

  1. Make sure you’re logged in to your NEA Member Benefits account, then click the “Get Started” 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 Parent 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. This informational repayment example uses typical loan terms for a parent borrower who selects the Full Principal & Interest Repayment Option with a 10-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 6.83% fixed Annual Percentage Rate (“APR”): 120 monthly payments of $114.82 while in the repayment period, for a total amount of payments of $13,778.89. 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 NEA Parent Loan Program 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.