SIOUX FALLS, S.D.--(BUSINESS WIRE)--ReliaMax®, a leading private student loan platform-as-a-service solution provider, announced today the expansion of its partnership with SouthEast Bank on the Bank’s EdMed private student loan program. Recognizing the rising cost of education for post-graduate studies in the medical field and the potential financial gap for these students, SouthEast Bank’s EdMed private student loan program helps U.S. students pursuing their medical degrees in the Caribbean to secure an effective education financing solution.
“We are committed to making medical schools accessible to individuals pursuing that education, and the EdMed private student loan reduces the costs associated with financing a medical school education.” said John Arnold, Executive Chairman of SouthEast Bank. “We expanded our partnership with ReliaMax to ensure that we could leverage their experience with these schools and the loan origination, customer service, and risk management platform in place to provide the most effective education financing solution for our customers.”
“We are excited to expand our partnership with SouthEast Bank to provide the EdMed private student loan program to aspiring U.S. physicians pursuing their medical degrees in the Caribbean,” said Michael VanErdewyk, CEO of ReliaMax. “As education costs rise, students need affordable financing options. Likewise, financial institutions want to better serve the education financing needs of their customers. Private student loans are an essential and effective solution both for students and their financial institution partners.”
SouthEast Bank’s EdMed private student loan is available at the following eligible medical schools:
- St George’s University School of Medicine, Grenada
- University of Medicine and Health Sciences, St. Kitts
- St. Matthew’s University, Grand Cayman
- Caribbean Medical University, Curacao
- Trinity School of Medicine, Grenadines
Annual loan amounts are available up to the cost of education with other very favorable terms and conditions. Payments may be deferred up to 48 months during an Internship/Residency period. For more information on the EdMed program, please visit: http://reliamax.hs-sites.com/edmed-program.
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About SouthEast Bank
SouthEast Bank, a Tennessee State chartered banking institution with approximately $1 billion in total assets, operates as a full service depository institution with offices throughout East and Middle Tennessee. SouthEast Bank’s holding company, Edsouth Services, with over $3 billion in total assets, has been serving students and schools for nearly thirty years, providing private student loans to graduate students through the Bank’s EdMed and PharmD programs. SouthEast Bank also offers private student loans to refinance and consolidate both federal and private student loans through its Education Loan Finance or “ELFI” program. Learn more about the Bank’s student lending programs at ELFI.com and southeastbank.com.
Founded in 2006, ReliaMax® is the industry’s top insurer and Private Student Loan Platform-as-a-Service solutions provider. Hosting a proprietary database of over $14.5 billion in private student loans and one million borrowers, ReliaMax offers banks, credit unions, alternative lenders and investors up to 100% loan loss protection with stable returns and has helped over 450 lenders profitably deliver private student loans to their borrower clients. ReliaMax has insured over $2.6 billion in private student loans since 2009, helping over 100,000 borrowers finance their education and achieve their dreams. Learn more at ReliaMax.com.
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