Partnership Program
IDAPP has developed a program for financial institutions to participate in the Federal Family Education Loan Program without the compliance and regulations that decrease the profitability of the program. The program has been appropriately named, "The Community Educational Loan Partnership Program."

The Partnership Program is designed to facilitate the origination of Federal Stafford and Federal PLUS loans by local financial institutions. The Illinois Student Assistance Commission (ISAC) will provide the guarantee on the Stafford / PLUS loans and IDAPP will provide origination and loan servicing. IDAPP will pay the financial institution a premium on the volume generated during a given quarter through the IDAPP.com web site with no minimum volume requirement.

The financial institutions will have a supply of brochures, web site listing and additional marketing materials at no cost. Specialized training on student loans and tips for hosting a college nights are also available to financial institutions.

In addition to the free materials mentioned above, IDAPP offers templates for stuffers that the financial institution can customize and use for their own marketing purposes. There is no cost for the institution to use these templates. The only cost incurred by the institution would be the cost of printing and mailing the stuffers. Click here to view the sample templates.

If you would like additional information or would like to discuss the program at length, please call Bob McCarthy, Marketing, 800-961-IDAP x 5704 or bmccarthy@isac.org.