Affinity CFO says "to pay fees to reduce risk to the fund is alien to me in any other regulatory regime.”
From the Wall Street Journal to the activist blog Zero Hedge, economists and pundits have been actively debating this year whether or not a student loan asset bubble exists and if so, when it might pop.
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.
Los Angeles County credit union will refer members to apply for student loans through its website.
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.
Alabama-based corporate to offer Smart Option Student Loan program to its credit union members.
After more than 75,000 people asked Sallie Mae to stop charging forbearance fees to unemployed college students via an online petition, the education-focused financial services company made a compromise.
After 50,000 sign petition, company said it will apply good-faith payments to customer balance when on-time payments resume.
It appears the thousands of petition signers asking Sallie Mae to stop charging student loan forbearance fees to unemployed college graduates are out of luck.