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CU Student Choice launches CU Select
WASHINGTON (8/21/09)--Credit Union Student Choice, a credit union service organization (CUSO) that provides student lending services to credit unions, announced the launch of CUSelect, a Web tool to help would-be private student loan borrowers connect with credit unions in the Student Choice network. “We have more than 80 credit unions in our network, offering loans with zero origination fees and average rates that are 3% to 5% lower than the average rates charged by many national lenders,” said Scott Patterson, Credit Union Student Choice executive vice president. He estimated that the 10,000 borrowers the network helped this summer will save $200 million over the life of the loans. Since launching in May 2008, credit unions in the network have approved more than $150 million in private student loans. The average interest rate is less than 6%.


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