Number of students with six-figure loans on the rise

While the average college student carries a loan of under six figures for their education, the number of those with  more than $100,000 in debt is on the increase. According to an article on cnbc.com, “In the first quarter of 2019, over 6 percent of all student loan borrowers owed more than $100,000, up from […]

While the average college student carries a loan of under six figures for their education, the number of those with  more than $100,000 in debt is on the increase. According to an article on cnbc.com, “In the first quarter of 2019, over 6 percent of all student loan borrowers owed more than $100,000, up from 5.4 percent in 2017.”

The article goes on to cite instances of borrowers who owe as much as half a million on student loans, suggesting that the priority should be finding the best repayment plan and focusing on paying the loans with the highest interest rates to save money. Read the full article here.

LEVERAGE offers an option through LendKey for your credit union to be involved in student loans. Click here for details.

Written by
admin
View all articles

About Us

The League of Southeastern Credit Unions & Affiliates represents 342 credit unions in Alabama, Florida and Georgia, with a combined total of $118.63 billion in assets and more than 10.1 million members. LSCU & Affiliates provides legislative and regulatory advocacy; education and training; cooperative initiatives (including financial education outreach); public messaging; information services; and business solutions.

LSCU Mission Statement

To create an environment that enables credit unions to grow and succeed.

LSCU Vision Statement

To be the trusted advocate and preferred source of information for credit unions.

If you need to reach us, e-mail communications@lscu.coop

Social Channels

Follow us on all major social media platforms.