National Lending Associates, Inc. with Sterling Education Finance,
LLC Partners with the Pennsylvania Association of Community Bankers
Released
on: November 2, 2009, 5:00 am
Author: National
Lending Associates, Inc.
Industry: Education,
Financial
San
Diego, California – November 2, 2009 – National
Lending Associates, Inc. (NLA) and Sterling Education Finance,
LLC (SEF) announces their strategic partnership with the Pennsylvania
Association of Community Bankers. Through this partnership, a
new education
financing solution called the Community Education Loan (CEL)
will be provided to their member banks. “Pennsylvania Association
of Community Bankers is pleased to have the opportunity to recommend
to our member banks a turnkey private education product which
can be customized to meet the needs of our constituents”
said Richard K. Arnold, Senior Vice President/Chief Operating
Officer. “Today, students and their families are finding
it more difficult to obtain financing for a college education
due to the continued financial pressures on traditional lenders
because of the instability of the financial markets. This is a
great opportunity for the financial institution to offer an alternative
loan program, as well as better serve their customer base.”
The Community Education Loan program allows community banks to
develop their own student loan offering without additional staffing
or resources. This program is completely managed by NLA and SEF
including product development, application origination, credit
decisioning, disbursement processing, and loan portfolio administration
services, with loan servicing being performed by PHEAA/AES. PHEAA/AES
is one of the largest and most respected student
loan servicers in the country.
“We
are delighted that Pennsylvania Association of Community Bankers
has chosen to promote the CEL program to their member banks,”
said Nancy Chalker, Regional Vice President at Sterling Financial
and the relationship manager for this program. “By combining
the in-depth knowledge and strength of the Pennsylvania Association
of Community Bankers and the private loan expertise of both NLA
and SEF, we are able to bring a quality private education loan
solution to this marketplace.“
For more information on the Community Education Loan go to (www.sterlingeducationfinance.org),
contact Pat Cook at (828) 335-1092 or Nancy Chalker at (570) 899-1595.
About National Lending Associates, Inc.
Based in San Diego, California, with offices in Ohio, Arizona,
Georgia, Pennsylvania and New York, National Lending Associates,
Inc., is a nationwide specialty service company focused on providing
financing solutions, loan and portfolio administration services,
and technology options for the education financing marketplace
(www.nationallendingassociates.com).
About Sterling Education Finance, LLC
Sterling Education Finance, LLC is an innovative education financing
company dedicated to the larger mission of ensuring access to
education. Our product suite is designed to offer financing solutions
for every private K-12, career and trade institution, college
or university based on the institution’s unique needs as
well as the needs of the student and families they serve. We have
a select group of origination, funding and servicing partners
and all of our products are fully supported by our team of industry
veterans.
About Pennsylvania Higher Education Assistance Agency/American
Education Services
Created in 1963 by the Pennsylvania General Assembly, the Pennsylvania
Higher Education Assistance Agency (PHEAA/AES) has evolved into
one of the nation’s leading nonprofit student aid organizations.
Today, PHEAA/AES is a national provider of student financial aid
services, serving millions of students and thousands of schools
through its loan guaranty, loan servicing, financial aid processing
systems and outreach programs. As a nonprofit organization belonging
to the Commonwealth of Pennsylvania, PHEAA/AES devotes its energy,
resources and imagination to developing innovative ways to ease
the financial burden of higher education for Pennsylvania’s
students, families, schools and taxpayers.
Contact
Details:
National
Lending Associates, Inc.
11526
Sorrento Valley Road, Suite D
San
Diego, CA 92121
Direct:
(858) 720-6817
Fax:
(858) 720-6890
E-Fax:
(858) 720-3817
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