Align Credit Union is Helping College Graduates Manage Student Debt
July 13, 2017
Lowell, MA, July 12, 2017 – In an effort to help college graduates effectively manage their student loan debt, Align Credit Union recently launched a new student loan refinance solution. Members will be able to refinance and consolidate their student loans from one or more lenders to make payments more manageable.
“Student loan debt is a reality for the majority of college students today,” said Align EVP and CFO, Tom Hammond. “Unfortunately, they often feel overwhelmed and unsure of how to repay their student loans once they graduate. By offering refinancing, we can reduce stress for graduates and their families and help them on a path toward overall financial wellness.”
Align’s refinance product is unique to many other lending solutions in that it allows students to combine private and institutional loans as well as federal student loans. By refinancing these loans, borrowers may be able to extend their repayment terms, lower their interest rate and enjoy the convenience of making payments to only one financial institution. Members can refinance private and/or federal loans from $10,000 up to $100,000.
In addition to the new refinance solution, Align offers an undergraduate line of credit. The undergraduate line of credit allows students to borrow from a trusted, local lender once they have exhausted other sources of free or lower cost financial aid such as scholarships, grants and federal student loans.
Align provides private student lending solutions plus educational tools to help Members make smart decisions before, during and after college.
“At Align, we want to help our Members at every important milestone in their lives. By providing solutions for students when they’re in school and after graduation, we hope to educate them about the importance of borrowing responsibly and guide them to make wise financial decisions that will last a lifetime,” said Align President and CEO, Ken Del Rossi.
To learn more about Align Credit Union’s Student Choice lending solutions and financial education tools, visit aligncu.studentchoice.org.
About Align Credit Union
Since 1922, Align Credit Union has provided customized banking solutions to individuals and families throughout Northeastern Massachusetts and Southern New Hampshire. Align offers a full suite of products and services including Personal and Business Banking, Mortgages, Financial Planning and Insurance. Founded as the Northern Massachusetts Telephone Workers Credit Union (NMTW), the Credit Union changed its name to Align in 2013. Membership is open to anyone who lives, works or attends school in many communities throughout Eastern Massachusetts and Southern New Hampshire. For additional information, stop by one of six branches in Amesbury, Danvers, Framingham, Haverhill and Lowell or visit www.AlignCU.com.