White paper says TransUnion finds delinquency rate at 5.33% for all private student loans; Callahan says rate is 1.45% at credit unions.
In 2013, credit unions can and will embrace their role in chipping away at the problems many college students face in financing their education.
Private student loan asset quality at credit unions higher than federal loans, Callahan analyst says.
Complaints focus on lack of loan repayment information, difficulty navigating system and roadblocks for borrowers seeking benefits.
Killeen credit union joins about 500 credit unions that offer Sallie Mae’s Smart Option Student Loan referral program.
The suburban Indianapolis credit union joins Sallie Mae’s pool of approximately 500 credit union partners.
The $3 billion San Antonio Federal Credit Union just wrapped up hosting a series of four workshops for local college and university counselors and representatives of the Texas Guaranteed Student Loan Corporation.
One of the toughest parts of borrowing money for education is paying off the loans, especially if high interest rates are in the picture. That’s where credit unions can come in and offer relief with student loan refinance programs, several experts say.
Survey finds keen awareness of importance of money among 13- to 22-year-olds.
According to the Western Union Payments Money Mindset Index survey’s student debt data for the first quarter of 2012, Gen Y is more likely than any other generation to carry student loan debt, and 10% of Gen Y members are holding a hefty amount of it–$30,000 or more.