Student Choice Hosts Free Webinar on Loan Repayment

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Entering repayment for student loans can be just as stressful and confusing to borrowers as funding a college education in the first place. Credit Union Student Choice will be hosting a FREE national webinar to help answer some common questions about student loan repayment.

Student Loan Repayment – Free National Webinar

September 14th at 1:00 or 6:00pm ET

Led by Student Choice College Access Counselor Patricia…

The Refi Boom Comes to Student Loans

This content previously appeared on creditunions.com
Courtesy of Student Choice

Refi blog graphicIn 2012, there was just one lender offering student loan refinancing for both federal and private student loans – but since then, more than a dozen lenders (representing multiple financial institutions in some cases) have entered the market. From fin tech startups to big banks to credit unions, these lenders are bringing a growing refi boom…

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

Jim

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…

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…

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….

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…