FOR IMMEDIATE RELEASE
Community Banks Show Support for ICBA Preferred Service Provider iHELP
Washington, D.C. (August 7, 2013)—The Independent Community Bankers of America® (ICBA) and iHELP Private Student Loans today announced that more than 100 community banks have joined the iHELP program during the first half of 2013, showing a strong commitment on behalf of community banks to support investment in higher education. Private student loans issued through the iHELP program help students to secure any gaps in funding for their college educations after contributions from family, scholarships and federal aid have been exhausted. Community banks offering iHELP loans can provide assistance as an originating lender, participating bank, or a referral partner.
"Community banks are dedicated to helping their customers reach their financial goals, and for many young customers, this includes investing in the future through higher education," said Dan Clancy, executive vice president of services at ICBA. "The number of community banks working with iHELP Private Student Loans underscores their commitment to supporting the needs of their customers."
In addition to providing financial services, iHELP enables students and families to make informed decisions about higher education through its online College Planning Services portal, which provides current resources for school tuition costs, estimated salaries for a variety of career paths and access to scholarship information.
This spring, iHELP empowered community banks to help graduates streamline the repayment of their private student loans through its fixed and variable rate consolidation loan products. By offering consolidation loan products, iHELP provides borrowers with greater flexibility and control over their financial future.
"During the summer months, students and their families finalize their funding plans for the upcoming academic year," said Kevin Moehn, program executive for iHELP. "Working through a trusted community bank as part of the iHELP program gives students and families a compelling option during what can otherwise be a confusing and stressful process."
For more information, visit www.ihelploan.com.
The Independent Community Bankers of America®, the nation’s voice for nearly 7,000 community banks of all sizes and charter types, is dedicated exclusively to representing the interests of the community banking industry and its membership through effective advocacy, best-in-class education and high-quality products and services. For more information, visit www.icba.org.
About iHELP private student loans
The iHELP Private Student Loan Program is provided through more than 5,000 community minded member banks of the Independent Community Bankers of America (ICBA). iHELP and its lending partners are committed to helping students and their families make informed decisions about their plans for higher education, providing current resources on school costs, estimated salaries for various careers, and providing free access to more than 17,000 available scholarships. The Student Loan Finance Corporation administers iHELP for its banks and has more than 30 years of experience in the student loan business. www.ihelploan.com.