Credit unions are happy to answer the call and help these students reach their educational goals responsibly
Neptune, NJ (PRWEB) July 10, 2012
CU Student Lending, LLC, a credit union service organization (CUSO) that developed and manages the cuStudentLoans private student loan program, today announced the launch of its 2012 private student loan and private student loan consolidation programs, the cuScholar Private Student Loan and the cuGrad Private Student Loan Consolidation.
The new loan products, which debuted officially on June 1st, are replacing the EdAccess Private Student Loan and EdSucceed Private Student Loan Consolidation within the cuStudentLoans program. The cuScholar Private Student Loan offers the same benefits as its predecessor, which includes low rates and borrower benefits from not-for-profit credit unions, and is used in helping students and their families bridge the funding gap in higher-education financing.
“Students today face challenges in higher costs and less aid when financing their higher-education,” said Alice Stevens, Chairman of CU Student Lending, LLC. “Credit unions are happy to answer the call and help these students reach their educational goals responsibly, both during school and after graduation, through the cuScholar Private Student Loan and cuGrad Private Student Loan Consolidation.”
The cuStudentLoans program, which currently serves more than 150 participating credit unions, uses common underwriting and pricing in all of its loan products.
About CU Student Lending, LLC
CU Student Lending, LLC is a leading network of credit unions offering private student lending options to students and families nationwide. Formed in 2010, CU Student Lending, LLC 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, is powered by Fynanz lending technology and includes loan participation to enhance and mitigate risk.