Student Loan Woes Eased by Credit Unions
Student loan debt remains a stress-inducing burden for many college students, recent grads and their families. In the wake of rising tuition costs, growing national student debt figures and a weak economy that’s made it tough for grads to find decent jobs, there is no quick solution to the student debt problem.
In 2013, credit unions can and will embrace their role in chipping away at the problem. This includes offering low-cost private student loans to fill the gaps that remain after borrowers exhaust federal student loan options, providing educational resources to help students learn how to pay for college, and, unlike some other lenders, make borrowers’ best interests a top priority.