The student loan industry has shrunk over the last couple of years from over 100 national lenders to just a hand full. As traditional student loan lenders have dropped out of the business due to the credit crisis and legislative changes, credit unions have been stepping in to provide a solution to their members and their families. And the only recent new entrants have been credit unions which have available funding and a desire to attract Gen Y members.

At the same time, the federal loan program is going through the biggest changes in its history and the new Regulation Z rules and other proposed legislation are impacting how non-federal loans must be originated.

This webinar is designed both for credit unions currently offering student loans and those contemplating offering student loans. You will gain information on the current financial, credit, legislative, and competitive environment affecting student loans.

Through this webinar, you will:

• Learn the impact of the credit crisis on student loans and their availability
• Gain a better understanding of the difference between federal and private student loans
• Establish how your credit union can attract Gen Y members by offering student loans
• Analyze market size and opportunities for student loans
• Review the proposed and passed legislation impacting student loans
• Discuss the economics of student loans

This event is in conjunction with the CUNA Lending Council.

Just like in face-to-face classes, CUNA Webinars allow you to see and hear a presentation, ask questions of the instructor, and refer to handouts. You need only a speakerphone and computer with Internet connection. With a computer projection screen, it's easy to provide this training to a whole roomful of staff!

When you register for an event, the connection information will be e-mailed to you 24-48 hours before the event. If you are registering for an event the day it is being held, please call 800-356-9655, ext. 4249 or e-mail training@cuna.coop for assistance.

Did you know...in addition to attending this event live, your tuition includes six months of unlimited access to the archived (recorded) event within 48 hours of the live event for your entire credit union. See the archived events available to you and your credit union.

CUNA Webinars use Adobe Connect to provide an interactive and convenient online learning environment. Whether you are a first time Adobe Connect user, or simply need a refresher, take a short tour. You'll learn how to effectively interact with the presenter and your peers during live webinars.

Can't attend at this time? Click here for the archived version.

This webinar is beneficial for staff at your credit union responsible for the designing, working on, or managing your credit union's student loan program.

Affiliation with CUNA/League is required for attendance.

Tom Sakos
Tom is a partner with XSS Partners, a financial services consulting firm focused on advising organizations involved in the financing of higher education. XSS Partners has worked with schools, specialty finance companies, secondary markets, and credit unions to create and implement private loan programs, assist with their accounting and finance operations, conduct research, and assist with strategic planning.
Tom has spent more than 25 years in the higher education finance industry. From 1984 through 2005, Tom was with the Illinois Student Assistance Commission involved in operational and financial roles and concluded his career there as the director of IDAPP, the Illinois secondary market. From 2005 through 2007, Tom was the president of FinanSure Student Loans, where he helped build one of the largest student loan companies in the country. Beginning in 2008, Tom began his role with XSS Partners.

The last day for cancellations was June 7, 2010. Substitutions are accepted anytime prior to the start of the program at no additional cost. Simply fax event and contact information, listing the new participant and who they will be replacing. Cancellation fees do not apply for free or complimentary programs.