University FCU Slashes Student LoanFees

Register now

AUSTIN, Texas - (04/05/05) -- University FCU has eliminated the 3%fee for student loans, the first of its kind for undergraduates inTexas. Under the program, the credit union is offering a no-feeloan to students, and a 3% rebate on federally insured loans toparents and dependent students. The deal saves students about $150on a $5,000 loan. University Federal is one of the largest studentlenders among credit unions, providing about $70 million a year instudent loans.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER