Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
Ill. commission League had critical role in student loans
CHICAGO (11/13/09)--The Illinois Student Assistance Commission (ISAC), in announcing it still had $66 million available for low-interest federally secured student loans to Illinois students, singled out the Illinois Credit Union League as playing a critical role in the student loan program. The league "played a critical role in securing $110 million for student loans, ensuring continued FFELP [Federal Family Education Loan Program] lending," said ISAC. "Thanks to the credit unions' support, we continue to provide student loans to those in need at FFELP-participating schools while serving our mission by offering Illinois students and parents college access programs, financial literacy education, and loan delinquency and default prevention," said ISAC Executive Director Andrew Davis. Davis said ISAC has committed $44 million in student loans for the 2009-2010 academic year. The league helped obtain commitments from 14 credit unions in the state to invest $105 million in ISAC-issued securities to finance the loans (News Now July 16).
Other Resources

RSS





print
News Now LiveWire
Maine credit unions put Food Mobile on the road to relieving hunger in rural areas http://t.co/R0xpt6BAZE
3 hours ago
.@TheNCUA's Matz: PALS should be exempt from Military Lending Act proposal #NewsNow http://t.co/Vy9uNhOIEr
3 hours ago
#NewsNow Iowa loan growth 3 times national bank rate http://t.co/fUvudPLg5d
6 hours ago
.@ICBA tallies its Home Depot data breach costs: $90M, 7.5M cards http://t.co/iJgRDC2AKZ
7 hours ago
.@icul's Jury elected treasurer of @WOCCU exec committee http://t.co/HEF1UChN8f
8 hours ago