What to Expect from Education Lending in 2018

Education lending continues to be a major topic for credit union members, both in financing a current student’s education as well as managing existing debt with refinancing opportunities. Consider these statistics:

• There is $1.48 trillion in total U.S. student loan debt outstanding today, making it the second largest asset class after mortgages. (Student Loan Hero)
• Approximately 44.2 million Americans have student loan debt, including many of your members, and that’s just the existing market.

Technology partnerships like Lendkey enable credit unions to enter the education lending market quickly and cost-efficiently.