Over the past ten years, millions of American students and families are turning to private loans as the cost of higher education continues to outpace increases in federal student loan program limits. LendKey’s cloud-based lending platform helps your credit union quickly and profitably grow your loan portfolio and extend your reach into the crucial high school and college demographic groups.
Today's college students can easily graduate with a dozen or more separate student loans. Refinance loans can help grads to get on track financially by combining multiple loans, oftentimes at much higher rates, into one single lower payment. As of early 2014, credit unions on LendKey programs have refinanced over $300 million in student loans.
By refinancing both private and federal student loans, LendKey's network lenders are able to tap into the $1 trillion pool of outstanding student loan debt in the U.S. As college graduates, these borrowers are often great opportunities for future financial products, including auto-loans, mortgages, small business loans, credit card and more.
To learn about offering LendKey’s student loan refinancing call 800-881-8985 or email firstname.lastname@example.org.
Refer, earn, retain. It’s that simple. Even if you're not prepared to directly offer education financing, there's no need to turn members away. Refer members to a private student loan program powered by LendKey’s platform. More than 150 participating credit unions have pooled funds to offer private student loans to students and families nationwide.
Sign up now to start offering this program to your members. To learn more, visit the consumer site, call 800-881-8985 or download educational white papers located in the upper right hand corner of this page.