SouthEast Bank Partners with ReliaMax to Expand Its EdMed Private Student Loan Program for U.S. Graduate Students Attending Medical Schools in the Caribbean
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.
About ReliaMax
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.
Trademarks
ReliaMax® is a registered trademark of ReliaMax and/or its affiliates.
Other names may be trademarks of their respective owners.
Contacts
Media:
Cognito for ReliaMax
Lauren Pozmanter,
646-395-6300
Lauren.Pozmanter@cognitomedia.com
