NEPTUNE, N.J. (7/11/12)--CU Student Lending LLC has launched its 2012 private student loan and private student loan consolidation programs--the cuScholar Private Student Loan and the cuGrad Private Student Loan Consolidation.
A credit union service organization, CU Student Lending is a network of credit unions offering private student-lending options to students and families nationwide.
The program is powered by Fynanz lending technology and includes loan participations to enhance and mitigate risk. Fynanz is a CUNA Strategic Services provider.
cuScholar Private Student Loan and the cuGrad Private Student Loan Consolidation 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 credit unions, and is used to help 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, CU Student Lending LLC chairman. "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.