Marlborough-based DCU is partnering with a leader in higher education finance and planning to offer its members access to planning tools and advisors that will help them make smarter college financial decisions.

DCU said in a statement released yesterday that it is partnering with Credit Union Student Choice, a credit union service organization that helps them offer private student loans and corresponding financial education to students and families.

Through Student Choice, DCU members will gain access to tools from Edmit, whose software gives college-bound families the ability to compare real college costs, specific to their income and test scores.

“DCU is committed to helping our members make wise financial decisions about paying for college,” Lindsey Thomasian, a consumer lending manager at DCU, said in a statement. “We began offering Student Choice’s education finance solutions more than a decade ago to fill a need for families in our community. By adding Edmit resources, students and families will be able to turn to DCU for every step of their higher education journey – from planning, through college and into repayment and beyond.”

By providing Edmit basic information related to household income, grades and test scores, students and families receive personalized recommendations on the colleges that best meet their needs. Additional benefits of the Edmit platform include side by-side comparison tools and access to expert professional guidance.

“Choosing a college, and deciding how to pay for it, is one of the most important financial decisions that young adults and their parents will ever make,” Scott Patterson, president and CEO of Credit Union Student Choice, said in a statement. “That’s exactly why we’ve partnered with Edmit – so that we could bring their innovative platform to credit unions and allow them to empower members with a logical, data-driven approach to college decisions.”

DCU to Offer Members Student Loan Planning Tool

by Banker & Tradesman time to read: 1 min
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