NEW YORK (3/16/12)--The No. 1 consumer tip for college students seeking additional financial assistance is to "turn to a credit union," says the CBS MoneyWatch website Thursday in an article that lists seven things consumers need to know about private students loans.
"Credit unions, which are newer players in the private student loan world, almost always provide better interest rates," the article said. "Ironically most people stick with the well-known lenders even though their rates are typically higher. You can look for college loans at credit unions through cuStudentLoans."
cuStudentLoans is powered by CUNA Strategic Services provider Fynanz, which connects students in need of a private student loan with a network of credit unions. Use the link.
CBS MoneyWatch also urges consumers to check for colleges and universities that have their own credit union, and then lists some that do.
To read the article, use the link.