Due to the impact of the ongoing liquidity crisis in the bond market affecting our non-profit secondary market partner Edsouth, Edamerica will temporarily suspend the special Edloan benefit program for teachers, nurses and select engineering programs effective for loans first disbursed on or after June 15, 2008. 

Loans first disbursed prior to June 15th will retain eligibility for the Edloan benefit program once loans are sold to Edsouth. Borrowers whose loans fall into this category may complete the eligibility process by contacting the Florida office at 1-888-352-7378. Loans which are currently receiving the Edloan reduced interest rate benefit will be unaffected.

Students enrolled in the targeted academic disciplines who have selected Edamerica are encouraged to remain as Edamerica borrowers. Edamerica hopes to resume acceptance of new borrowers in the Edloan programs as soon as the student loan secondary market liquidity returns to normal.