New House Bill & Student Loans
Sunday, April 25th, 2010Many students are nervous about the student loan bill that recently passed in the House with the health care reform bill. Fynanz, a New York, N.Y. based provider of custom private student loans, says that students needn’t worry. As COO of Fynanz, Chirag Chaman, explains, “The bill overall doesn’t affect private student lending, and even if it does, it helps the borrower, so it is a positive for the industry.”
Fynanz, where Brad Powers is on the Board, recently created a new alliance with CUNA Strategic Services to help credit unions in the private student loan market. He explains as well that “Need-based aid for students is important. The funds hadn’t been growing the past few years and [the increases] were needed.”
