Keyword Analysis & Research: uw credit union student loans

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Frequently Asked Questions

Does the credit union offer student loans?

Credit union student loans usually offer more competitive interest rates than banks. Credit unions also keep the loans on their own records, while banks do not. (Banks may sell their student loans to loan servicing companies.) A student may find it difficult to take out a loan from a bank because of the rigid restrictions required to qualify.

Do you build credit paying off student loans?

Paying off your student loans can free up your extra money and lower your debt-to-income ratio, which also benefits your financial situation. All in all, paying off your student loans is still a good move. “Paying off a student loan, like any other loan, is a positive step in building a strong credit history.

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