Are CUs Setting Themselves Up For The Next Bubble?

November 2011
Credit Union Journal;11/28/2011, Vol. 15 Issue 46, p1
Trade Publication
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.


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