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MADISON, Wis. (July 27, 2017) — The Wisconsin Alumni Association (WAA) and UW Credit Union are partnering to offer Wisconsin alumni a chance to save money by refinancing their student loans. UW Credit Union is the only financial institution that WAA is partnering with on the student loan refinancing program.
“Student loans are a common financial responsibility for graduates. Refinancing these loans can often offer savings opportunities and at times shorten the time in which alumni can pay the balance off,” said Lisa Girdharry, chief marketing officer. “We’re delighted to be able to work with WAA to offer Wisconsin alumni this program.” Since January 1, 2014, UW Credit Union has refinanced over $12 million in student loans for more than 400 UW-Madison alumni with an average interest rate reduction of 2%.
UW Credit Union is committed to the success of students, graduates and all consumers in the communities it serves. In 2016, the organization advanced $20.2 million for the refinancing of student loans, which represents a 136% increase over the prior year. Plus, in the first three months of 2017, UW Credit Union advanced $6.9 million for the refinancing of student loans, which represents a 117% increase over the prior year.
WAA serves an alumni population some 400,000 strong through an array of award-winning programs, services and publications. In addition to staying connected to the university, enrollees will help support initiatives that benefit alumni, such as learning programs and WAA’s alumni career resources. The WAA and UW Credit Union formed a partnership in 2016 to offer University of Wisconsin credit and debit cards.
“We’re proud to be an exclusive partner with UW Credit Union on this program,” said Sarah Schutt, Chief Alumni Officer and Executive Director of the WAA. “This provides an opportunity for alumni to save money on their student loans by refinancing it with an organization they know and trust.”
To learn more, please visit uwcu.org or uwalumni.com.