COSTEP is a not-for-profit organization that services loans for the Academic Advantage Group of Lenders, or AAG. COSTEP’s AAG is made up of local, regional and national banks, and credit unions that have one thing in common - they want to make higher education more accessible and more affordable for students in Texas.
They do this by creating low-cost student loan opportunities for the college-bound. Student loans aren’t normally an overly profitable product because of governmental fees, lower interest rates, and overall smaller loan amounts; however, these loans are low-risk because they are guaranteed. In partnership with the South Texas Higher Education Authority, COSTEP’s AAG can offer competitive premiums that turn a low yielding investment portfolio with a return that will put a smiles all across your boards faces.
What makes the Academic Advantage Group of Lenders unique is that it allows your institution to participate in the building up of our community, while creating business relationships with young, upwardly mobile customers, giving your company a competitive edge early on in the customer relation cycle. You have an opportunity to create life-long customers, profiting all the while.
When you join the Academic Advantage Group of Lenders, you join forces with COSTEP’s Business Development Team and Marketing Department. You’ll receive custom training seminars, collateral materials, and logo placement on our Mobile Educational Resource Vehicle, MERV, to help publicize that your institution cares about funding the education of our community.
So why should you become an AAG Lender? Because in doing so, you’ll be able to increase the number of products you offer, maintain that comfortable low-risk profile, and enjoy COSTEP taking your institution’s name everywhere they go. Not only that, but it inspires public goodwill for your brand identity within our community.
If you’d like to talk to someone about becoming an AAG Lender or just to find out more details, give COSTEP a call at 1 (800) 949-6371 and ask for a business development representative.
Check out the student loan campaign collateral materials to your right. They are designed so that you can customize them to fit your business’ needs. Or, if you would rather have COSTEP take care of everything for you - that’s right, from design, to print, to your doorstep - just call us and let us know, at 1-800-949-6371 or email bdt@costep.org.