cuStudentLoans declares November 5th â€“ 9th as Student Loan Consolidation Awareness Week, with daily giveaways, challenges, and loan experts offering advice on their Facebook fan page.
Online PR News – 26-October-2012 – NEW YORK, NY – The month of November, which falls approximately six months after most college students graduate, marks the beginning of student loan repayment for many recent graduates. cuStudentLoans, a private student lending program that was created and managed by not-for-profit credit unions, is helping graduates with high-interest debt understand their refinancing options through consolidation by hosting the first annual â€śStudent Loan Consolidation Awareness Weekâ€ť on their Facebook fan page.
The event, which runs from November 5th â€“ 9th, features expert commentary on student loan refinancing options, Q&A with financial aid veterans, and daily sweepstakes and challenges to win Amazon Kindles. Eligible individuals who â€śLikeâ€ť the cuStudentLoans Facebook Fan Page may enter the sweepstakes by submitting their name and email address in the registration section. One Kindle will be given away daily in a random drawing and a second Kindle will be awarded to winners of daily challenges on the cuStudentLoans Facebook Fan Page.
The initiative complements cuStudentLoansâ€™ efforts in financial literacy, which is featured in the â€śCollege Resource Centerâ€ť section on the cuStudentLoans website, and focuses on helping the millions of recent college graduates that do not fully understand the repayment and refinancing options available to them on their education debt.
â€śMany recent graduates today face economic challenges after they leave school, especially after their deferment period is over and their student loans enter full repayment,â€ť said Ken Oâ€™Connor, Director of Student Advocacy at cuStudentLoans. â€ścuStudentLoans, through its financial literacy and awareness initiatives, hopes to help students regain financial control and better understand all of their options, including student loan consolidation.â€ť
cuStudentLoans is a leading network of credit unions offering private student lending options to students and families nationwide. Developed in 2009, cuStudentLoans is comprised of over 150 progressive credit unions that built a member-responsive private student loan program using a common underwriting and pricing platform. The program, which consists of both the cuScholar Private Student Loan and cuGrad Private Student Loan Consolidation, includes loan participations to enhance and mitigate risk.