U-fi Launches School Loan Products to Help Students Reach Educational Goals

LINCOLN, Neb., Dec. 17, 2018 /PRNewswire/ -- U-fi, a Nelnet company, today announced the launch of its new product offering: U-fi School Loans. Aiming to serve students with undergraduate, graduate, or professional school costs not fully met by federal funding, U-fi School Loans help students meet educational costs and achieve educational goals.

With the cost of higher education continuing to rise and federal loan programs not always covering student expenses, many student borrowers are pursuing non-federal lending options. According to Trends in Student Aid 2018, an annual report from the College Board, private loans accounted for nearly 11 percent of the $105.5 billion that students borrowed for education in 2017-2018.

"By bringing this product to the market, we are providing more options to student borrowers," said Ron Hancock, regional director of U-fi. "Offering low rates, no origination fees, immediate, and deferred repayment options, our school loan program helps keep students in school and on track to complete their education."

U-fi School Loans assist undergraduate students attending two- and four-year public and private not-for-profit institutions, as well as graduate students in business administration, law, and health professions. The products are now available online at U-fi.com and will be offered to universities through a dedicated sales team.

Built on Nelnet's more than 40 years of student loan expertise and success, U-fi delivers competitive borrower rates, multiple payment plans, and a customer service team dedicated to helping borrowers find the loan program that best fits their unique situation.

"U-fi is answering the needs of today's student loan borrower. Our goal is to help students meet their financial demands so they can focus on completing their education," Hancock said.

To learn more about U-fi's new school loan solutions, visit U-fi.com.

About U-fi
U-fi, a Nelnet company (NYSE: NNI), provides private loan origination and servicing to help students and recent graduates reach their educational and professional goals by making smart financial decisions. We achieve this by providing private student loans and student loan refinancing options that are simple, easy to understand, and accessible. With low interest rates, cosigner release options, and flexible payment terms, U-fi strives to make paying for school as painless as possible. For more information, please visit U-fi.com.

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SOURCE Nelnet