Navigating Student Lending: A 2023 Review and 2024 Outlook

The CU Lab with NAFCU Services

Join me, your host Randy, in this episode as I sit down with Ryan Gifford, the senior VP of client success at LinkedIn, to discuss the landscape of student lending in 2023 and provide insights into the 2024 outlook. We delve into the challenges and opportunities credit unions face in navigating student lending, emphasizing the importance of understanding the distinctions between federal and private loans.

Ryan highlights the dual components of education lending—in-school loans and student loan refinance—shedding light on the potential for credit unions to engage with younger demographics. We also explore the impact of the student loan repayment pause on credit unions, the significant policy changes affecting student lending, and the key lessons learned in 2023.

Looking ahead, you can also expect Ryan to share predictions for 2024, emphasizing the rate dependency of certain outcomes and advising credit unions on how to best serve their student borrowers by recognizing the lasting impression they can create. Tune in for valuable insights and a comprehensive review of the current state and future prospects of student lending!