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Google the phrase “student lending crisis” and you’ll be inundated with nearly two million links to a myriad of articles, blogs and editorials detailing the demise of the student lending industry. Before you chalk it up to governmental blunders and greedy bankers and move on to more pressing credit union issues like how you’re going to sell used car loans to a membership base whose average age is pushing 50, take heed of a statement made by John F. Kennedy in 1959.

“The Chinese use two brush strokes to write the word ‘crisis.’ One brush stroke stands for danger; the other for opportunity. In a crisis, be aware of the danger–but recognize the opportunity.”

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