Student Loans Now Available

Tuesday, July 20, 2010

PRIVATE STUDENT LOANS NOW OFFERED BY GREAT LAKES CREDIT UNION

North Chicago, IL - Recognizing the need for private student loans, Great Lakes Credit Union now offers a funding solution to students and their families for private student loans.
 
With college enrollment at an all time high, paired with the escalating cost of tuition, Great Lakes Credit Union provides families with a product to assist them with funding higher education.  The loan can help pay for all qualified education expenses, including tuition, room and board, books, computers, even past due tuition bills. This private student loan option also includes a unique financial literacy component that helps students learn good credit habits and build their credit scores while they are still in school.

“We are very excited to be able to offer private student loans,” said Vikki Kaiser, Great Lakes Credit Union President/CEO. “With the price of college on the rise, students and parents are finding it difficult to afford higher education. Our private student loans take over when federal funding is exhausted, which allows students to focus on learning, not wondering how to pay for the next semester.”

Great Lakes Credit Union Private Student Loan Benefits:

• One of the lowest interest rates in the industry, and with good grades, get even lower rates
• 1% interest rate reduction once you repay 10% of the loan
• 30-day no-fee return policy allows you to cancel the loan if you find a better option
• No cosigner required for juniors and seniors. Creditworthy students can apply on their own
• Email statement and small monthly $25 payment that help build a credit score while still in college
• Full interest and principal payments are deferred until 6 months after graduation