NEA Student Loan Program Offers New Parent and Graduate Student Loan Options

NEA Member Benefits is pleased to make available an expanded array of NEA Student Loan Program options that provides NEA members and their families more choices to better meet their education financing needs.

In addition to the NEA® Smart Option (Undergraduate) Student Loan® by Sallie Mae®, a new NEA Parent Loan is now being offered with features as follows:

 

NEA Parent Loan:

  • For those who wish to give the gift of education—the borrower does not have to be the student’s parent
  • The borrower (e.g., parent, grandparent, aunt/uncle, spouse or other adult) is the primary borrower—the student is not a party to the loan
  • Eligible to receive the 0.25% NEA exclusive rate discount after 12 consecutive on-time payments
  • Choice of fixed or variable loan rates
  • Choose interest-only or principal and interest repayment while the student is attending school

 

The current NEA Graduate Student Loan has been enhanced with new options:

  • Repayment terms and deferral periods that are customizable based on the student’s area and length of study (includes options for MBA, Medical School, Dental School, Health Professions, Law School and more)
  • Extended terms and/or grace periods may be available for students whose programs require a much longer time commitment and often higher loan amounts

 

NEA Graduate Student Loan borrowers are still eligible to receive the 0.25% NEA exclusive rate discount after 12 consecutive on-time payments and have a choice of fixed or variable loan rates.

Members may access information on the new NEA Parent Loan program and additional Graduate Student Loan options online at www.neamb.com/sl.

From the IEA Executive Director

"I feel that being an IEA member is a professional right and responsibility. Partnering with MBC just makes your membership an even more valuable resource."

Sue (Scott) Wigdorski
Idaho Education Association
Executive Director

From the IEA President

“The IEA is the voice for public education in Idaho, the leader in professional development opportunities, and the greatest source for support for the education profession. Having access to discounts from an array of vendors through Member Benefits is an added bonus for members!”

Kari Overall
President
Idaho Education Association

Contact Info

208.344.8336 / 800.223.6583  
ieamemberbenefits.org
iea-mbc@idahoea.org

IEA Member Benefits Corporation
620 N 6th Street - Boise Idaho 83702

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