Student Loans

The New Educator Loan Repayment Program offers up to $7,500 annually for up to four years towards outstanding loans for those who have completed a bachelor's degree at a Massachusetts public college or university and work in a Massachusetts public school district in a licensed position. Payments are made annually and the program can also be combined with the federal Public Service Loan Forgiveness (PSLF) program.

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We can help you make college dreams come true!  Create your own customized, private student loan that fits your budget. Get help paying for college expenses that financial aid may not fully cover.

• There are no origination fees, application fees or pre-payment penalties
• As an NEA member, receive a special 0.25% interest rate discount¹
• Get an additional 0.25% interest rate discount with auto-pay enrollment²
• Cover up to 100% of the school-certified cost of attendance³
• Choose from multiple repayment options and terms
• Choice of undergraduate, graduate and parent loan options

To access the NEA Student Loan applications, you must have an active account on their website. You will be required to log in when you click the link below.

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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. Variable rates may increase after consummation.
3. As certified by your school and less any other financial aid you might receive; minimum $1,000.
The NEA Undergraduate Loan is provided by College Ave Student Loans. College Ave Student Loans products are made available through either Firstrust 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.

Do you have private student loans? We can help! The NEA Private Student Loan Refinance Program¹ is a great way to potentially lower the interest rate or monthly payment you currently pay on your private student loans.  Find options for lowering your student loan interest rate or monthly payment.²

• There are no origination fees, application fees or pre-payment penalties
• NEA members receive a special one-time statement credit equaling 0.5% of the loan, up to $599.99³
• Choose repayment terms of 5 to 20 years, with loans up to $300,000⁴
• You’ll also receive a 0.25% interest rate discount when you enroll in AutoPay⁵

To access the NEA Student Loan Refinance application, you must have an active account on their website. You will be required to log in when you click the link below.

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Terms & Conditions

1. NEA Private Student Loan Refinance Program is provided by College Avenue Student Loans, LLC. College Ave Student Loans products are made available through either Firstrust 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.
2. College Ave Refi Education loans are not currently available to residents of Maine.
3. Amount equal to 0.5% of the initial loan balance to be credited on the borrowers statement within 60 days of closing of the loan. For example, if the consolidated loan equaled $20,000, the member benefit equals $100, with a maximum of $599.99.
4. $5,000 is the minimum requirement to refinance. The maximum loan amount is $300,000 for those with medical, dental, pharmacy or veterinary doctorate degrees, and $150,000 for all other undergraduate or graduate degrees. The minimum repayment period is 5 years, while the maximum repayment period is 20 years. Borrowers should refer to their credit agreement for specific terms and conditions. This informational repayment example uses typical loan terms for a refi borrower with a Full Principal & Interest Repayment and a 10-year repayment term, has a $40,000 loan and a 5.5% Annual Percentage Rate (“APR”): 120 monthly payments of $434.11 while in the repayment period, for a total amount of payments of $52,092.61. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary.
5. 0.25% auto-pay interest rate reduction applies as long as the borrower or cosigner, if applicable, enrolls in auto-pay and authorizes our loan servicer to automatically deduct your monthly payments from a valid bank account via Automated Clearing House (“ACH”). The rate reduction applies for as long as the monthly payment amount is successfully deducted from the designated bank account and is suspended during periods of forbearance and certain deferments. Variable rates may increase after consummation.