New York, NY (PRWEB) October 25, 2012
The month of November, which falls approximately six months after most college students graduate, marks the beginning of student loan repayment for many recent graduates. cuStudentLoans, a private student lending program that was created and managed by not-for-profit credit unions, is helping graduates with high-interest debt understand their refinancing options through consolidation by hosting the first annual “Student Loan Consolidation Awareness Week” on their Facebook fan page.
The event, which runs from November 5th – 9th, features expert commentary on student loan refinancing options, Q&A with financial aid veterans, and daily sweepstakes and challenges to win Amazon Kindles. Eligible individuals who “Like” the cuStudentLoans Facebook Fan Page may enter the sweepstakes by submitting their name and email address in the registration section. One Kindle will be given away daily in a random drawing, and a second Kindle will be awarded to winners of daily challenges on the cuStudentLoans Facebook Fan Page.
The initiative complements cuStudentLoans’ efforts in financial literacy, which is featured in the “College Resource Center” section on the cuStudentLoans website, and focuses on helping the millions of recent college graduates that do not fully understand the repayment and refinancing options available to them on their education debt.
“Many recent graduates today face economic challenges after they leave school, especially after their deferment period is over and their student loans enter full repayment,” said Ken O’Connor, Director of Student Advocacy at cuStudentLoans. “cuStudentLoans, through its financial literacy and awareness initiatives, hopes to help students regain financial control and better understand all of their options, including student loan consolidation.”
cuStudentLoans is a leading network of credit unions offering private student lending options to students and families nationwide. Developed in 2009, cuStudentLoans is comprised of over 150 progressive credit unions that built a member-responsive private student loan program using a common underwriting and pricing platform. The program, which consists of both the cuScholar Private Student Loan and cuGrad Private Student Loan Consolidation, includes loan participations to enhance and mitigate risk.