Private Student Lending Leads To More Than Just A Loan

A New Year And A New Look At Private Student Lending Performance

This content originally appeared on creditunions.com.

Perception RealityAs we roll into spring 2016, credit unions across the nation will soon be rolling out a bevy of new products and well-intentioned initiatives, many of which will be aimed at loan growth and young adult member development — two pressing needs for almost all credit unions.

One product that directly addresses both needs is private student lending…

Student Loans About More Than Just The Loan

This content originally appeared on CUtoday.info

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Credit unions often see private student lending as simply an addition to the loan portfolio while also helping to provide a needed service to the community. But one analyst questions whether credit unions also see how the product builds the CU’s future.

Jim Holt, chief revenue officer for CU Student Choice, reminds that private student lending establishes younger…

How Well Do You Know Millennials?

MillennialMillennials – individuals born between 1980 and 2000 – are one of the most important demographics for retailers and financial institutions to reach today. This group makes up the largest generation in the U.S., and the potential for multiple, lasting financial relationships is an untapped opportunity for many credit unions.

This graphic from creditunions.com outlines the why credit unions should pay close attention to…

Student Choice Offers FAFSA Webinar for Families

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As part of our ongoing efforts to educate college-bound students and their families about responsible ways to pay for college, Student Choice will offer a FREE national webinar on January 20, 2016. Our College Access Counselor, Patricia Poplicean, will take students and parents through each step of completing the FAFSA – their gateway to FREE financial aid. The webinar will be offered at 1pm EST and…

Holt Emphasizes Need for Private Student Lending

 This content originally appeared on CU Today.

JimDuring the CUNA Lending Council annual meeting, student loans – and especially refi’s – were at the front of the class as a loan opportunity for credit unions, offering low defaults, large balances and attractive margins. Credit Union Student Choice SVP and Chief Revenue Officer Jim Holt was one of the experts on hand to discuss the opportunities…

New Report Shines Spotlight On Student Loan “Crisis”

When many of us think about student loans, we probably visualize a fresh-faced 20-year-old striding across a picturesque campus at a traditional four-year school. If we’re thinking about surging student loan defaults however, that visual would be wrong.

The dramatic rise in enrollment at for-profit schools is best exemplified by reviewing the top 25 schools whose students owed the most federal student loan debt. In 2000, only one for-profit institution appeared on this list. In…

Why Student Lending Works (Part 2 of 2)

In our last post, we shared the first half of Student Choice President Scott Patterson’s interview with CUbroadcast. In this installment, Scott talks about the benefits of student lending for credit unions, the ideal CU for this offering, and success stories to show how credit unions can step up in the student lending arena to create life-long member relationships.

 

 

Could your credit union be the next Student Choice success…

Why CU Student Lending Works

Credit Union Student Choice President Scott Patterson was recently featured on CU Broadcast to discuss how credit unions can benefit from offering private student loan solutions — along with why it’s a growing trend, how it works, the state of student lending today, and more.

 

Watch part one and stay tuned for part two, where Scott shares credit union student lending success stories.

Why Student Lending is a Growing…

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….