ST. PETERSBURG, Fla.– PSCU and American Student Assistance(ASA) reported they are launching a new partnership to provide financial education to students and families to “help reduce the stress and confusion that goes along with one of the most impactful financial decisions of their lives.”
“We have partnered with American Student Assistance to provide the best resources to teach students and their families about the financial complexities of paying for higher education,” said Myles Bristowe, PSCU Vice President of Marketing Strategy, in a statement. “We are offering them to our owner credit unions so their members can make informed decisions about paying for college and give them the best chance to have as little debt as possible after they graduate.”
PSCU said the partnership will allow it to provide selected articles from ASA’s wealth of online educational materials, including tools and calculators, budgeting worksheets, a glossary of financial aid terms, and step-by-step lessons for all the major requirements for securing funding for college.
Much of the educational material will be available on PSCU’s Engagement Builder social media and content marketing platform, the CUSO said, and one curated monthly article will be available for no charge to credit unions that have signed up for access to the platform. Additional material will also be available through ASA’s Salt website for those owner credit unions that wish to expand their financial education offerings.
Examples of upcoming Salt content for Engagement Builder users include, “The Pros and Cons of Student Loan Consolidation,” “How To Save Money On Textbooks And Supplies,” and “6 Questions Freshmen Must Ask Their College Financial Aid Office.” With hundreds of credit unions passing this informative and motivational content on to thousands of families with college age children, tomorrow’s college students will be better equipped to responsibly finance their education and more prepared to pay off any remaining debt as quickly as possible, PSCU said.
According to PSCU, the new partnership with ASA will complement its existing relationship with Credit Union Student Choice, a CUSO that offers private student loan solutions to help credit union members achieve their dreams of a higher education. Founded in 2008, Student Choice has helped nearly 275 credit unions deliver more than $2 billion in fair-value loans to students in search of a college degree, as well as young professionals looking to take control of their student loan debt. PSCU is proud to be a founding member of Student Choice.
“Whether they are enrolling in college for the first time, pursuing an advanced degree, learning skills for a new career, or refinancing or consolidating existing student loans, PSCU is proud to provide educational content and financial assistance to help credit union members succeed,” added Bristowe.