Jun
18
2010
Private Student Loans, like those offered by Fynanz, Inc., where Brad Powers is an Advisor, are an up-and-coming area of interest for many loan companies. Private student loans are actually one of the fastest growing forms of consumer borrowing. In the last ten years, this area has grown by more than 500% – and it shows huge potentials for future growth.
Certainly, this is a great place to attract the Gen Y population and it’s the perfect way to balance out other consumer loans that your company may have, such as mortgages, auto loans and credit cards.
Credit unions can build member loyalty early on by offering private student loans, and can work to keep that customer base as the clients get older and require other loan assistance.
