Gary Perez is upbeat about the future of private student loans.
Wisconsin-based student lending specialist hits mark after three years in business.
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...
Alliant Credit Union is the latest credit union to collaborate with student lending CUSO CU Campus Resources, the CUSO announced.
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.
University of Wisconsin Credit Union is introducing a new program that will teach student loan borrowers all about loan repayment post-graduation.
Credit unions and community banks have traditionally stood as direct competitors, vying for the attention of similar types of consumers. But in the private student lending market, a fierce face-off between the two is not expected, several experts say.
Billion-dollar Oregon Community in Eugene adding private education loans to its product menu.
Members in or out of school can refinance outside, consolidate current loans.
Private student loans account for just 0.2% of the U.S. credit union loan portfolios, according to Callahan & Associates, but student loan CUSOs and credit unions that offer student loans believe they’re a worthwhile addition to any CU’s product suite, citing potential relationships with young members as a major benefit.