April 18, 2008
Credit Unions Want Benefit for Offering Student Loans
As more and more private lenders stop offering government-backed student loans, credit unions — a previously quiet segment of the banking industry — are stepping forward to help out. In return, they would like some help from Congress.
Although credit unions are nonprofit banks, the institutions were forgotten last September when Congress cut the subsidies on federally guaranteed student loans and established one rate for for-profit lenders and a more favorable
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