MADISON, Wis.– When Tamara Sanner, a Spanish and business administration major at the University of Wisconsin-Stevens Point, began searching online for resources to continue paying for college, she came across CompleteEd, a new credit union student loan program.
Sanner recently became the first college student in the country to obtain a loan through CUNA Mutual Group's CompleteEd private lending program, which is being offered in partnership with approximately 40 credit unions nationwide. Later this year, CUNA Mutual said it plans on recruiting additional credit unions to participate in the program.
"The process was easy to follow," Sanner said about the online loan application. "Everything went very smoothly, my questions were all answered and the loan was processed quickly. It was a good experience."
Sanner said she became aware of CompleteEd through an internet search for private student loans, and was encouraged to apply by her credit union, Great Wisconsin Credit Union.
Qualifying credit union members are eligible to receive a 0.25% interest rate discount through the program, according to CUNA Mutual.
Sanner, a junior at UWSP, plans to graduate in 2010.
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