All student loan borrowers are out to get an education, but for those who belong to credit unions, a different kind of schooling might be in store. Some credit unions say they're placing an emphasis on educating their student loan recipients about the borrowing process, from application submission through repayment.
The $1.5 billion, Madison, Wis.-based University of Wisconsin Credit Union, for example, just announced the launch of a free exit counseling program for students graduating in May or this summer. UW CU will host in-person educational seminars on six University of Wisconsin campuses.
The credit union's seminar topics will include estimated student loan payments, repayment options, who to contact with questions, federal financial aid, post-college budgeting and how student loans can affect personal credit history.
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