Second “Empower U” Conference Focuses on Serving Young Adults, Brings Together More Than Forty Credit Unions

Credit Union Student Choice, the foremost provider of higher education financing solutions to America’s credit unions, hosted its second Empower U Summit Sept. 28 & 29 at the Mayflower Hotel in Washington, D.C. More than 60 credit union representatives from 42 credit unions nationwide learned from expert speakers about the current climate of student lending and how to connect with millennials.

The event began with breakout sessions led by Student Choice…

Private Student Lending Leads To More Than Just A Loan

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…

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…

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…

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…

How Do Your Student Loans Affect Your Credit Score

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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…

How to Manage Your Money in College

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iGrad – A New Way to Manage Your Money

Written by: Sarah Miller for Student Choice

When I left for college I’d never had a credit card before, but I opened one to build credit and pay for books.  I transferred my bank account to a local credit union (in the days before online banking), and while I’d always had a part-time job, I’d never really had…