Easing Parents’ Minds with Holistic Financing Solutions

According to a recent Gallup Poll, paying for college is the top money concern for parents of children younger than 18 years old. In fact, more than seven in 10 parents indicated they were “very” or “moderately” worried about the issue. This means parents worry more about having enough money to pay for their children’s college education than other Americans worry about any other common financial concern, even more than retirement or medical costs….

Student Choice Addresses Regulatory Burden, Hiring Student Lending Compliancy Expert Renee Buckner

Renee BucknerIn order to deepen its regulatory and compliance expertise, as well as broaden the level of support it provides to partner credit unions, Credit Union Student Choice, the foremost provider of higher education financing solutions to America’s credit unions, has hired student lending compliance expert Renee Buckner as Vice President of Regulatory Control and Compliance. Buckner started on March 23, 2015.

In this new…

How Credit Unions can help with Financial Literacy

Preparing for college can be one of the most stressful times for young adults and their families. Not only are they concerned with the costs of tuition, books, room and board, but this will be the first time many students have lived on their own. Managing their money, paying bills, and establishing good credit can be difficult skills to build, and unfortunately many college students learn financial lessons the hard way.

A recent CUNA…

Private Student Loans – The Truth about Delinquency

Private vs Federal Private Student LoansIt’s the dirty word of any lending program – “default.” And it’s particularly scary when it comes to student lending, given all the negative press surrounding record student loan debt in America. If you’ve read articles about the student debt crisis and default rates, you may be leery of instituting or expanding a program at your credit union. However, a…

The New “Rs” In Education Finance

Reading. ‘Riting. ‘Rithmetic.

While these well-known “R’s” may be outdated in today’s education world, back in 2011 we showed how they could serve as a helpful tool for credit unions that were evaluating the risk and rewards of private student lending.  But just as standards have changed in education, so has the landscape shifted for education lenders.

So what are some of the new “R’s” that…

Developing a Private Student Lending Program That Lasts

Private Student Loan Balance held by the Credit Union IndustryOver the past several years, hundreds of credit unions have entered the private student lending market. By focusing on several important pillars, these credit unions are delivering a valuable solution to borrowers while also returning positive results to their bottom line.

It may seem daunting to dip your toes into the student lending pool, but the basics…

Who is Responsible for Student Loan Debt?

It was the number heard ‘round the world: American college students have amassed over $1 trillion in student loan debt. To many consumers, that number painted a picture of greedy colleges and lenders cashing in on their American dream. It’s easy in hindsight to point a finger at lenders for taking advantage of borrowers, or at colleges for allowing their students to get in over their heads. Whose fault is it really? There isn’t…

How Do Your Student Loans Affect Your Credit Score

free-fico-score-experian

The impact of student loans on your credit rating

Written by: Sarah Miller for Student Choice

We recently talked about how your credit (or lack thereof) can affect your eligibility for student loans. But there’s another important way student loans and credit are tied to one another. Once your student loans go into repayment, the way you handle those payments can have an impact on…

College Student Loan Myths Busted

myth-busted crop

Student Loan Myths – BUSTED!

Written by: Lisa Phelps for Student Choice

The news these days is filled with stories about the student loan burden: students graduating with back-breaking debt, whether or not it’s even worth going to college, and how much student loan debt is ok to have. These are all important topics that college students should pay attention to.

Beware of Scams Targeting College Students

scams targeting college students

Beware of scams that target college students!

Written by: Lisa Phelps for Student Choice

As a new college student, you may be the target of some unlawful folks looking for money, trying to steal your identity or hoping to cause you a lot of unnecessary hassle. International students, who are busy learning about a new country and its culture, are particularly vulnerable to scams,…