Listen On:
Key Takeaways:
- [0:57] What were the biggest challenges and opportunities with regard to student lending and CUs in 2023?
- [2:55] We discuss the duality of education lending: in-school financing for younger individuals and post-graduation refinancing for lasting credit union engagement.
- [5:47] The credit union journey emphasizing its natural progression from student loans to auto and mortgage opportunities.
- [6:25] During the student loan repayment pause, credit unions benefited as borrowers saved money, but the impact upon resumption is expected to be manageable.
- [9:36] What were the most significant policy changes that impacted student lending and credit unions in 2023?
- [13:52] Predictions for student lending and CUs in 2024.
- [14:50] Long-term value in engaging young borrowers, highlighting lifetime financial opportunities.