3 takeaways from the podcast “Leverage Student Lending to Drive Millennial Membership”

On a recent episode of NAFCU’s “The CU Lab,” Allied’s own Jarrett Settles (National Sales Consultant | Technology, Lending, and Deposit Growth) got together with two other industry experts – Will Sneed, Director of Lender Partnerships at LendKey and Ron Shevlin, Director of Research at Cornerstone Advisors – to talk about why Student Lending is something every credit union should consider.

Here are three of the biggest takeaways from that recording:

  1. 92% of national student loan debt is from federal – not private – student loans 

The student loan market is still growing. In fact, the national student loan debt exceeded $1.4 trillion in 2019,growing far beyond that of 2018, with an average 1 in 5 consumers having student loan debt.ii

 

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