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SECU Buys $7 Million From Student Loan Rehab Program

North Carolina program helps fund loans that provide a second chance at repayment for borrowers who have defaulted on federal student loans.

By Marc Rapport | Updated on June 06, 2013

The $26.5 billion, 1.8 million-member State Employees’ Credit Union said this week that it has now bought $7 million in federally insured student loans from a North Carolina state program.

The purchases from the North Carolina State Education Assistance Authority helps fund loans that provide a second chance at repayment for borrowers who have defaulted on Federal Family Education Loans

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