The Jump Start Difference

We've designed our line of credit with parents and children in mind.

• We provide a credit line dedicated to paying for child care costs. If one parent is out of work, or the budget gets tight, don't take your child out of care just to get back on a waiting list when things return to normal. Take comfort in knowing you will have funds available.
• You can choose a monthly payment as low as 40% of your monthly tuition amount. Enjoy lowering your payment amount while knowing you are still making significant payments against your principal balance to control the amount of interest you'll pay.
• Use it as you need it. Our line of credit is flexible tool in your toolbox. If you can afford to pay off more each month, it's up to you. There are no pre-payment penalties or hidden fees. Check out our pre-pay interest reduction calculator below to see how much interest you can save by slightly increasing your payments each month.

Calculate how much KidVantage can lower your monthly payment!

• Better than paying with a credit card
• Dedicated line of credit used to pay for your child care expenses
• No merchant processing fees paid by you or your center
• No annual or hidden fees​

* Calculator provides an estimation only, assumes a promotion of no interest for the first 6 months with an interest rate thereafter of 6.9%, and assumes full utilization of your credit line over the designated months of use for the KidVantage loan product. Your interest rate will depend on credit. ​

The costs of using a credit card to pay for child care

Using a credit card to pay for child care can lead to a large amount of debt and interest paid over time. Credit cards typically offer a low minimum monthly payment (typically 3% of the balance or $30, whichever is greater), which make it tempting to pay only as much as you have to.*

*Example credit card APR of 21.90% is taken from within the range of APRs described on Credit.com, for people with good credit.

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Paying for child care with a Jump Start line of credit

You can choose to set your minimum monthly payment as low as 40% of tuition so you can fit it in your budget while avoiding the amount of interest paid using a credit card with a minimum payment. Plus, Jump Start reserves your credit line for only child care expenses, so it will be there when you need it.

If you can afford to pay more than the minimum payment, you can save even more interest. Jump Start has no pre-payment penalty, so use only as much of the credit line as you need. Jump Start can be the insurance policy you need to help through life events like job loss, divorce, or unexpected expenses. All while keeping your child care intact.

OUR FINANCIAL CALCULATORS are for informational purposes only and are not intended to provide financial advice.  All examples are hypothetical and for illustrative purposes.  Although we have obtained content from sources deemed to be reliable, we are not responsible for any content provided by unaffiliated third parties.  You may wish to consult an appropriate outside advisor about your financial situation.

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