Education Consolidation Loans

Helping young professionals reduce the burden of student debt.

LOANS FOR CONSOLIDATING HIGHER EDUCATION DEBT

Dallas Hebrew Free Loan Association provides no interest loans up to $25,000 to help young adults consolidate and reduce the effective interest on their outstanding non-DHFLA student loans.

DHFLA sends education consolidation payment directly to the lender(s).

Term: Payable in equal monthly installments over 72 months (six years). The first payment is due the month following loan origination.

BORROWER REQUIREMENTS

  • You must meet DHFLA’s general requirements (see below).
  • You must submit a completed loan application, ACH form, Authorization to Pay Lender form and a copy of a valid government-issued photo ID.
  • All guarantors must submit a completed guaranty agreement, information release form and a copy of a valid government-issued photo ID.
  • Current DHFLA student loan recipients are eligible for education consolidation loans beginning six months after graduation.

ADDITIONAL REQUIREMENTS

  • Provide a copy of your most recent student loan statement(s).
  • Provide a copy of your most recent paystub.
  • Submit completed Authorization to Pay Lenders form.
  • Obtain two qualified guarantors, one of which lives in DHFLA’s lending area.
  • Guarantors cannot live at the same address. Spouses and partners are considered co-applicants, not guarantors. 
  • Local clergy cannot serve as guarantors. 

If you are concerned about meeting the guarantor requirement for education consolidation loans, please contact us at 469-206-1639 to discuss the circumstances. We’re here to help, and we may be able to make exceptions to certain requirements.

education consolidation loans

EDUCATION CONSOLIDATION LOANS

REQUIREMENTS AND PROCESS

GENERAL REQUIREMENTS


To qualify for a loan, applicants must meet the following minimum requirements. Some loan types have additional qualifying criteria. Visit the loan page for the program for which you want to apply for details on what is required to be considered for a specific type of loan.

  • Be a member of the Jewish community.
  • Reside for at least six months in Collin, Cooke, Dallas, Denton, Ellis, Fannin, Grayson, Hood, Hunt, Johnson, Kaufman, Montague, Palo Pinto, Parker, Rockwall, Somervell or Wise Counties, or any other county in North Central or East Texas that includes Longview, Texarkana, Tyler, Waco or Wichita Falls.
  • Be 18 years-old or older, unless otherwise noted.
  • Demonstrate need.
  • Show creditworthiness.
  • Cannot have an outstanding DHFLA loan.
  • Cannot be serving as a guarantor on a current DHFLA loan.
  • Have two creditworthy guarantors, unless otherwise noted.
  • Provide a valid government-issued photo ID.

​APPLICATION PROCESS


  • Identify which loan type meets your needs. If you’re unsure, contact the Dallas Hebrew Free Loan Association office: 469-206-1639 or dhfla@jfsdallas.org.
  • Complete the appropriate loan application and submit with our online form, by email to dhfla@jfsdallas.org or by mail.
  • Obtain guarantors and ask them to complete and submit the guarantor paperwork to dhfla@jfsdallas.org.
  • If you are a qualified applicant, you will be contacted to schedule a loan interview by Zoom with members of the DHFLA loan committee. You may be asked to submit additional information.
  • A loan decision will be communicated to you by the loan officer following the interview.
  • If approved, funds will be disbursed following communication of the credit decision.
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No interest loans for the Greater North Texas Jewish Community

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CONTACT US

Mailing Address:
PO Box 671235
Dallas, TX 75367-1235 

Physical Address:
5402 Arapaho Rd
Dallas, TX 75248

Hours: Monday–Friday, 10 am – 6 pm
Phone: 469-206-1639

What We Do

Dallas Hebrew Free Loan Association (DHFLA) provides interest-free loans to members of the Jewish communities in Collin, Cooke, Dallas, Denton, Ellis, Erath, Fannin, Grayson, Hood, Hunt, Johnson, Kaufman, Montague, Palo Pinto, Parker, Rockwall, Somervell and Wise Counties, and any other county inclusive of Wichita Falls, Texarkana, Tyler, Waco and Longview, Texas.

Member of the International Association of Jewish Free Loans (IAJFL). We are a nonprofit 501c3.

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