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CU System
PCUA promotes student loans to states colleges
HARRISBURG, Pa. (1/7/09)--The Pennsylvania Credit Union Association (PCUA) sent a letter to state colleges and universities Friday to inform them that credit unions in the state continue to offer student loans at a time when many lenders have discontinued their student loan programs. The letter sent by PCUA President/CEO Jim McCormack includes a listing of more than 170 credit unions participating in the federal student loan program (FFEL) through an alliance with American Education Services/Pennsylvania Higher Education Assistance Agency (Life is a Highway Jan. 6). In the letter, McCormack said, “Credit unions always have been and remain a viable option for the students you work tirelessly to assist in this very important stage in their lives ... We hope that your staff will recommend local credit unions as a viable financing option.” Participating Pennsylvania credit unions approved more than $84.5 million dollars in federal student loans in 2008. To read the letter, use the link.
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