X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Consumer applies for a student loan

Dear Editor,

A Bloomberg article, “America’s Student Loan Debt Crisis Is About to Get Much Worse,” published in CU Times Oct. 18 sounded the alarm regarding the challenges faced by many college graduates in dealing with mounting student loan debt. While no one would dispute that this is a serious matter, it is important to differentiate between the concerns associated with federal student loan programs and the private student loan market. A lack of understanding about private student loans is a major factor in the unfortunate reality that less than 13% of credit unions currently provide student loan financing, and private education loans represent only 0.31% of total credit union assets, SNL Financial reported.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.