LendKey Selected as Exclusive Student Loan Refinancing Partner by The American Professional Practice Association
New member benefit offers medical professionals an average savings of over $34,000 on student loan debt
NEW YORK, Oct. 7, 2015 /PRNewswire/ -- LendKey, the leading Lending-as-a-Service platform that connects borrowers with credit unions and banks, today announced that it has been exclusively endorsed by The American Professional Practice Association (APPA). The partnership allows APPA member doctors the opportunity to refinance existing federal and private undergraduate and graduate school loans at lower rates and save tens of thousands of dollars, on average.
"We're very aware that paying off large amounts of student loan debt is a major challenge for our members," said APPA Corporate Vice President Marisol Dioses. "This relationship with LendKey will directly relieve that pressure for our members and provide them with access to lower rate loans from an organization that matches our passion for service and member satisfaction."
The APPA is committed to providing its medical, dental, and osteopathic doctor members with information, benefits and financial services that enhance their professional careers and personal lives. Saving money by refinancing student loans into lower fixed or variable rates with LendKey is among the many resources that the APPA provides to its members. As an added benefit, all APPA members will also receive a $100 APPA Member Gift when refinancing with LendKey, on top of the over $34,000* average savings.
"Working with the APPA to offer its members some the lowest student loan rates in the industry is exciting because we can bring tremendous value to medical professionals," said Vince Passione, Founder and CEO of LendKey. "Refinancing student debt can be one of the largest financial savings opportunities available to doctors, who spend an average of $176,000 on student loans."
Only APPA members are eligible to receive the exclusive $100 APPA Member Gift when refinancing with LendKey, and the endorsement is effective immediately.
ABOUT LENDKEY
LendKey pioneered Lending-as-a-Service (LaaS) to credit unions and banks in 2009, and is currently the leading LaaS provider in the U.S., with over 300 financial institution clients. Located in New York and Ohio, LendKey's mission is to transform a $3.2 trillion consumer lending market by connecting thousands of banks and credit unions with millions of borrowers online. Consumers can go to www.lendkey.com to search for, compare and complete student, auto and home improvement loans online from trusted financial institutions. Financial institutions work with LendKey to stay competitive with the online lending ecosystem, to better reach customers and to avoid the cumbersome process of launching an in-house online lending platform. For more information on LendKey, visit www.lendkey.com.
ABOUT APPA
Since its inception in 1963, APPA has continuously served its members with educational options, training, and services. Our goal is to provide our medical, dental, and osteopathic doctors with information, benefits and financial services that enhance their professional careers and personal lives. The current dynamics in healthcare offer many challenges for the healthcare professional. APPA is positioned to help its members meet those challenges. We are committed to meeting your development needs by offering comprehensive, relevant programs while providing courteous informed service by professionals, for professionals.
*Savings of $34,330.33 over the life of the loan assumes the loan size of $175,000 with an average rate of 7.25% APR before refinancing and 5.25% APR (with ACH auto-pay discount) after refinancing on a 15-year loan.
Media Contact:
Tracey Koblick
JCUTLER media group
[email protected]
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SOURCE LendKey
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