July 6, 2009

By Beckie Supiano

Last spring colleges fretted as some lenders stopped offering private loans to students, and others raised eligibility standards. But the shortage of traditional sources of loans opened a door for a different kind of lender: credit unions, which have not typically offered private student loans.

In 2008 a group of credit unions started Credit Union Student Choice to help them make private student loans. So far, 82 credit unions across the country have contracts with the

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