SkyMiles' intriguing education option
Here’s a fascinating way to fatten a frequent-flier account. For a limited time, Delta Air Lines SkyMiles members can rack up miles for education loans. The deal is in conjunction with Collegiate Funding Services (CFS). CFS, in turn, is part of Chase Education Finance, the student-loan arm of JPMorgan Chase & Company.
SkyMiles members get a mile per dollar spent for Private Education Loans – loans for tuition, books, computers, and other living expenses. Graduate and undergraduate students can borrow up to $35,000 annually. They’ll have to have proof of enrollment. For details, punch up www.delta.ed-loans.com/private.
Working on the assumption that students love to travel, this earnings option should dovetail nicely with their lifestyle. Hit the books, then take a break - perhaps in Vail, Acapulco, or London - all via SkyMiles.
CFS Private Education Loans touts a number of benefits for borrowers:
- Competitive interest rates and terms, as well as manageable monthly payments;
- As CFS loans are unsecured, borrowers and their families don’t tie up home equity or 401 (k) retirement funds;
- The application and approval process is fast and painless. Payments can be deferred until after graduation.
This education option renders Delta Sky Miles an even more formidable frequent-flier program. Consider: Delta led the airline industry in redeeming some 3.3 million awards tickets and more than nine million over the past three years.
© Cheapflights Ltd Jerry Chandler