LOS ALAMITOS, Calif.–Southland Credit Union here has launched two options for college students: Southland Student Choice Loans and Southland Student Choice Refinance. The new offerings were launched in partnership with Credit Union Student Choice.
Southland said it initiated the partnership to serve members who may have children in college or members who are college students. The student options will also strengthen Southland Credit Union’s relationship with local colleges, including its partnership with California State University, Long Beach as the Official Credit Union of Long Beach State Athletics, the organization said.
“Students can now take out a private student loan with Southland Credit Union,” said CU Student Choice. “The Southland Student Choice Loan line of credit comes with low interest rates, flexible repayment terms and a convenient line of credit structure that allows students to fund an entire undergraduate program with just one application.”
For those who have already student loans, the Credit Union offers Southland Student Choice Refinance. By refinancing and consolidating private and federal student loans, students as well as parents, can set up one easy payment and potentially lower the rate, the company added.
‘Thrilled’ With Opportunity
“We are thrilled to have the opportunity to provide our members with an affordable solution to help pay for college,” said Thomas Lent, Southland Credit Union’s President & CEO. “Southland is committed to providing services for every life stage, and a comprehensive student lending program is an essential benefit to our membership.”
Since launching in 2008, CU Student Choice said it has helped nearly 280 partner credit unions originate more than $2.5 billion in loans to 85,000 borrowers.
“We look forward to providing education finance solutions to Southland’s membership,” said Jim Holt, Student Choice’s chief development officer. “There remains a great need in America for not only college funding solutions, but also unbiased financial education. Southland Members will have access to a number of educational resources through the Student Choice partnership to guide them through the financial aid process, repayment and beyond.”