Educator Loan Program
Learn more about our Educator Loan Program and how you may be able to find relief from loan payments during the summer.
You work hard all year, and you deserve a payment-free summer!
Our Educator Loan Program allows eligible teachers or anyone employed by the school system to skip their loan payments during the summer months.
You must enroll at the time of loan closing. This program can not be added to existing loans.
Once you enroll, you can enjoy this benefit for the life of the loan. No need to opt in or re-enroll every summer.
The Educator Loan Program serves as a well-deserved break from your monthly payment for the summer months of June, July, and August.
Enrolling in this benefit has no adverse effect on your credit score or account standing.
FAQ
If you apply for a loan at one of our branch locations, the team member taking your application can enroll you. If you apply for a loan online, a member of our team will contact you about enrollment, or you may call 904.371.8022.
No, the the initial enrollment is all that is needed for the payments to be skipped during the months of June, July, and August for each year during the life of the loan.
Yes, interest will continue to accrue daily during the skipped months for all consumer loans with an outstanding balance.
The payments will be increased to ensure the loan pays out according to the original maturity date.
Yes, once enrolled, payments will automatically be paused during June, July, and August.
This program is available to educators and other school employees, including anyone employed by the school board.
New vehicle and personal loans financed directly through Community First may qualify.
June, July, and August qualify for skipping payments. Our Educator Loan Program is designed to provide financial relief to hard-working teachers and school board staff while they are not receiving payroll.
Your credit score and account standing will not be negatively impacted by enrolling in our summer skip program.