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In the current white-hot lending environment, private student loans stand as potentially one of the most profitable loan products a credit union can offer, with value to both borrower and lender. Yet, some cooperatives are still shying away from what was once one of the most controversial financial products in the market.

Lenders that offer private student loans have realized remarkable growth with remarkably low delinquency rates. In 2015, they expect more of the same, including additional growth in the area of consolidation loans, which are designed to better serve members by aggregating multiple student loans into one monthly payment, often with a significantly lower interest rate than the existing loans being consolidated.

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