CHELSEA, Mass.–Metro Credit Union has selected Credit Union Student Choice to help it provide its members with higher education financing solutions.
The $3.1-billion Metro will offer Student Choice’s flagship private education line of credit for undergraduate and graduate students, as well as a student loan refinance option.
“Whether we’re sharing tips on how to budget and save, providing educational resources to first-time homebuyers, advising on retirement savings, or in this case, making college financing a reality, guiding our members toward better financial decisions is the cornerstone of our mission,” said Metro CU President and CEO Robert Cashman. “We understand the deep value of higher education and aim to make it more attainable for our members. The Student Choice education line of credit will allow our student members and their families to secure flexible, affordable financing for college, providing access to even more educational resources that will help them better understand the college funding process.”
‘Empowering’ Members
For those exiting college and entering the next stages of life, Metro CU said its student loan refinance product will “empower its members to take control of their existing student loan debt.”
“After graduation, managing student loan repayment can be a challenge for many young adults,” Cashman added. “By offering a student loan refinance solution, we can help position our members for a more successful financial future by consolidating student loan payments and possibly saving money over the life of their loan.”
CU Student Choice said it enables credit unions of all sizes to make private education loans that are held on their own balance sheet. Since launching in 2008, the CUSO reported it has helped nearly 300 partner credit unions originate more than $4 billion in private education loans, assisting 120,000 families in the process.
‘Long History of Guidance’
“Metro Credit Union has a long history of providing guidance to its members for every important stage of life,” said Scott Patterson, president and CEO of Student Choice. “By offering both in-school and refinance lending solutions, they will be able to help members manage the cost of higher education before, during, and after college, which is easily one of the most important investments credit union members will make.”
For info: www.studentchoice.org.
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