Press Releases

TERI Celebrates its One-Millionth Education Loan

Boston, MA The Education Resources Institute (TERI), announced the making of its one millionth education loan, a significant milestone for the nation’s largest nonprofit sponsor of non-federal secondary school and college loan financing. Working nationwide with its campus and lender partners, TERI has made available more than $5 billion in education financing and has opened the doors to higher education to over a million students. In addition to its private education loan programs, TERI provides free college information services and leads local and national efforts designed to increase the college enrollment and completion rates for underserved students.

Lawrence O’Toole, TERI’s president, said of this achievement, “TERI’s loan programs have always afforded students and families with the ability to choose the college or university best suited to their goals. With college costs requiring more than the federal loan programs provide, TERI’s programs continue to be the difference in providing choice as well as access. All of us at TERI are extremely proud of this accomplishment and of the opportunities created for the individuals supported by one or more of TERI’s programs.”

TERI’s low cost, private education loans are now offered by over 30 highly respected lending institutions and available at more than 6,800 colleges and universities nationwide. On-line processing and same-day approval via a state-of the-art processing system enables campuses and borrowers to access up-to-the-minute loan status online and by phone. Preliminary approvals are sent within minutes.

In addition to its loan programs, TERI has, since its inception, been committed to roviding free information and counseling to low income, first generation students in their efforts to pursue the opportunities of higher education. These efforts, recognized nationally, have also opened the doors to a brighter future for tens of thousands of students.

TERI is a Boston, Massachusetts based non-profit organization founded in 1985. For additional information, visit TERI on the web at www.TERI.org or call (800) 255-TERI.