TITLE

Are CUs Setting Themselves Up For The Next Bubble?

PUB. DATE
November 2011
SOURCE
Credit Union Journal;11/28/2011, Vol. 15 Issue 46, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the rise of student loan debt which generates concerns among credit union (CU) industry watchers. It mentions that the default rate on student rate rose from 7% in 2010 to 8.8% in 2011 according to the data from the Department of Education in which the data also reveals 6% increase in tuition fees for public school per year. Thomas O'Shea of CU Student Lending LLC adds that counsel borrowers must ensure that students are paying for an education that will pay them back.
ACCESSION #
69540159

 

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