Private student loans called "the next mortgage crisis" by co-sponsor Sen. Tom Harkin, D-Iowa.
Concentration risk is low, diversification benefits touted.
Student loan debt remains a stress-inducing burden for many college students, recent grads and their families.
Last year was not the most glowing year for student loans, reputation-wise. The Consumer Financial Protection Bureau’s release of numerous negative comments from the public on their experiences as private student loan borrowers, comparisons of student loans to the burst mortgage bubble and the fact that national student loan debt...
Tidewater credit union offers Student Choice to local market.
Money management workshop this week in Albany.
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.