Published Apr 11, 2008
TCU students who are collectively borrowing $350,000 from a credit union may have to seek financial assistance elsewhere because of legislation that overlooked credit unions when setting better rates for nonprofit organizations, a financial aid officer said.
With loan companies backing out of the federal loan market, many students have turned to credit unions for help, but credit unions are facing similar struggles with the loan market, said Melet Leafgreen, assistant director of scholarships and financial aid.