NEA Student Loan Program

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NEA Undergraduate Loan Program

Cover college expenses with a customized private student loan that fits your budget. See if you prequalify for an NEA undergraduate loan today.

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

In partnership with

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Get the extra money you need to get your degree—on your terms

Federal grants and loans for teachers don’t always cover the complete cost of college. The NEA Undergraduate Loan Program offers customizable private student loans designed for educators that can help you fund the difference.

  • 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

Take the stress out of paying for college for teachers and educators

Get approved quickly

The NEA Undergraduate 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 undergraduate 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 student 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 your higher learning needs

Terms & Conditions

1. NEA members receive a 0.25% interest rate reduction on Undergraduate 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 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 NEA 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.