True Weight of Student Debt is Staggering

Aarthi Swaminathan reports in an August 8, 2019 article in that student loans are adversely impacting the lives of young people.

Student loans for many Americans will hamper their ability to afford large purchase items such as autos and homes far into the future. Credit unions will need to carefully assess the risk in loaning to consumers who carry student debt – especially low-income consumers.

TCT’s Risk Based Loan Pricing and Credit Migration tools assure loan risk is managed and priced appropriately.