RICHARDSON, Texas—CU Revl, a CUSO based here, and College Ave Student Loans, a student loan fintech lender, reported they have partnered on a referral program that enables credit unions to offer members competitive student loan and student loan refinance products to support postsecondary education.
“The demand from families for private student loans this past year has been significant and will likely increase this upcoming academic season. CURevl also believes there will be a continuing demand from young professionals and families to refinance their existing student loans to potentially reduce their monthly payments and simplify repayment for borrowers with multiple loans,” CURevl said.
In order to meet what it said is growing demand, CURevl said it is teaming with College Ave on a referral program that gives credit unions the option to serve their members and communities by offering competitive interest rates and flexible repayment terms for both in-school and refinance loan products, the company said.
“We are very pleased to be working with College Ave and its team of industry veterans in offering outstanding private student loan products to our credit unions and their members” said Lance Teinert, CEO of CURevl, in a statement. “This partnership enhances our mission of connecting families to credit unions and delivering student loan solutions that benefit students and families.
“We understand that college is a big investment for families. At College Ave, we share CURevl’s commitment to providing great products, flexible repayment options, and outstanding customer service. We work with students and their parents to make sure they understand their financing options and find an option that works for their budget.” said Joe DePaulo, CEO and co-founder of College Ave Student Loans.’