Credit Union Helps Take the Hassle out of Managing Student Loans

Madison, WI UW Credit Union now offers college graduates the opportunity to consolidate private student loans into one loan, giving them one payment to manage, along with one low rate.

"This loan is a continuation of our commitment to offering our members affordable, convenient ways to pay for higher education," said Sherry Nelson, Educational Lending Product Manager of UW Credit Union. "It ensures we are looking out for members best interests beyond graduation."� Members can either refinance multiple private student loans into one loan or refinance a single private student loan to a lower rate. UW Credit Union is offering the loan based on member feedback.� "Financial need has grown over time while the amount of financial aid has not, making private student loans more common," said Nelson. "The consolidation product takes the hassle out of managing multiple loans, and the low rates make payments budget-friendly when graduates are settling into careers."

The loan offers many benefits including a 15-year repayment term, the ability to make interest-only payments for two years and gives members the option to choose between fixed and variable rates. The loans can also be from any college. Recipients can receive one-on-one assistance with questions from UW Credit Union representatives.� "Members can count on us for long-term solutions that make their financial lives easier," said�Mike Long, Executive Vice President & Chief Credit Officer.� "When someone chooses us for their lending needs, theyll find a reliable partner they can turn to and trust for honest advice."