CapEd Credit Union Helps Students Reach Higher Education Goals
The innovative credit union partnership with Boise State University offers online degree options through a monthly subscription model.
An innovative credit union partnership is providing students with a new way to pay for higher education at a lower cost.
CapEd Credit Union is working with Boise State University to offer Passport to Education, a monthly subscription-based tuition program that reduces the overall cost of a college degree and student debt, while providing access to a high-quality education. CapEd members can use the program to obtain a bachelor’s degree in Multidisciplinary Studies or Applied Science.
“We are excited to build on our 83-year relationship with Boise State to offer affordable access to higher education to our employees and members,” said CapEd President and CEO Todd Erickson. “This partnership helps members start or finish their degree while accommodating their life stage and budget.”
CapEd’s agreement provides Boise State with annual funding to help reduce the cost for employees and members. Additionally, the credit union works closely with Boise State’s outreach programs to promote the program to members and the community. They work together to help reconnect those who have earned college credits and work experience but have not yet finished their degree.
The monthly subscription model modernizes the approach to paying for higher education, transforming it into a month-by-month expense that students appreciate.
“Passport to Education is the reason I am able to finish up my degree,” said CapEd member and student, Ricky Bryan. “It gives me flexibility with its online courses and provides a monthly payment plan that I can afford and will not get me into student loan debt. I would recommend it to anyone wanting to finish up their bachelor’s degree!”
The program offers two online degree paths toward a bachelor’s in several areas of emphasis. Passport 6 is six credit hours per term, and Passport 9 is nine credit hours per term. Each requires a specific monthly subscription rate and offers a tuition savings of 18 to 30 percent, depending on the selected path. Online courses offer flexibility to easily accommodate students so they can complete their degree at their own pace and receive support from a dedicated advising team, whether they live near campus, in rural Idaho, or beyond.
Since its inception in the current academic year, the program is on track to meet its initial goal of serving 100 students sourced from referrals, advertising, and members of the CapEd family. The innovative program won “Best in Show” at a University of Professional and Continuing Education Association competition in October. Program administrators presented the program at the UPCEA National Conference in March and were still awaiting results at press time.
“We’ve had compliments beyond the innovative design of the program to include the choice of our inaugural partner, CapEd Credit Union,” said Boise State University Associate Dean of Extended Studies, Peter Risse. “CapEd Credit Union started on our very own Boise State University campus in 1936, so it makes sense to partner with them again, still serving Idaho’s proud citizens.”
CapEd was started in 1936 and has a long tradition of supporting education and the community. For more information about Passport to Education, visit CapEd’s program page.