RALEIGH, N.C. — State Employees' Credit Union announced plans to increase its student loan funding in order to make sure loans will be available for students' 2009 spring semester needs.
The credit union will provide $500 million in funding for student loans in addition to the $1.1 billion it pledged for student loans in June. The new funding is in agreement with the North Carolina State Education Assistance Authority and College Foundation Inc. and will provide dollars for federally insured Stafford and Plus Student Loans.
"State Employees' Credit Union members display the people helping people cooperative spirit on a continuous basis and the additional investment in student loan funding is another fine example," said Shirley Bell, SECU chairman.
"SECU is happy to make funds available for our students to help ensure not only their ongoing success, but that of North Carolina as well."
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