Tagged: student loans

November 13, 2023 @ 10:59 pm By Omar Faridi  |  

EduFi has launched the digital student loan platform in Pakistan, on a mission “to empower more students to achieve their academic pursuits.” Education is a lever of economic growth and social development “in any country but poor quality state school provision often drives many families… Read More

November 6, 2023 @ 9:41 am By Tony Zerucha  |  

Two in three consumers (65%) with a student loan said they were caught by surprise when the U.S. Department of Education announced this summer that student loan repayments would begin once more in October 2023. TransUnion’s Q4 2023 Consumer Pulse study found that 49% of… Read More

September 15, 2023 @ 11:12 am By Tony Zerucha  |  

Nearly half of borrowers are experiencing considerable stress following the conclusion of the federal student loan forbearance. More than one in four are concerned that resuming payments will force them to take on more debt to make ends meet, according to a new survey by… Read More

August 15, 2023 @ 8:45 am By Omar Faridi  |  

Students off to university for the first time this year could be “the first crop of graduates who face repaying their university debts into retirement,” according to PensionBee, an online pension provider. As noted in a blog post by PensionBee, this year’s Freshers will be… Read More

July 18, 2023 @ 10:26 pm By Omar Faridi  |  

Earnest, a fintech company dedicated to making higher education accessible and affordable for everyone, and Nova Credit, a modern credit bureau bridging consumer credit data around the world, announced their partnership and the launch of International Private Student Loans. During the 2021/2022 school year, nearly… Read More

May 16, 2022 @ 1:29 am By Omar Faridi  |  

MPOWER Financing, which claims to be a mission-driven Fintech firm and the “leading” provider of education loans to “promising” international and DACA students, recently announced industry veteran Christopher Zaki “as its new Head of Capital Markets.” Zaki will identify and lead strategic partnerships “with capital… Read More

July 24, 2021 @ 3:30 pm By Omar Faridi  |  

MPOWER Financing, a global education loan provider, recently secured an equity investment of $100 million. The new funding is in addition to the $60 million MPOWER raised earlier this year from Tilden Park Capital Management that also participated in the current round along with ETS… Read More

July 22, 2021 @ 2:53 pm By Tony Zerucha  |  

UK-based post-graduate education lender Prodigy Finance has issued a $288 million student loan asset-backed securitization backed by $304 million of loans from its own portfolio. The issuance was rated Aa3 by Moody’s and A+ by Kroll for its $227 million of senior tranche notes Using… Read More

April 18, 2021 @ 10:12 pm By Samantha Hurst  |  

    U.S.-based online student loan lender Earnest announced on Friday it has appointed David Green as its new CEO, as Susan Ehrlich, the company’s CEO since 2018, steps down to retire. The lending platform reported that Green has held many roles with the company over the… Read More

September 16, 2020 @ 10:19 am By Samantha Hurst  |  

Chipper, a U.S. social impact fintech, announced on Wednesday the launch of Explore, which is a feature designed to transform the way student loan borrowers navigate the complex repayment process after the CARES Act expires in December. According to Chipper, the feature enables borrowers to… Read More

May 29, 2020 @ 2:48 pm By Samantha Hurst  |  

Splash Financial, a U.S.-based student loan refinance marketplace, announced earlier this week it secured $12.3 million through its Series A investment round, which was co-led by CMFG Ventures, LLC, the venture capital entity of CUNA Mutual Group, and Northwestern Mutual Future Ventures. Founded in 2015,… Read More

May 6, 2020 @ 4:43 pm By JD Alois  |  

CommonBond, an online lender in the student loan refi sector, has distributed an email claiming the year, so far, has met expectations. Of course, the note was distributed during an unparalleled time of stress for most businesses – including online lenders. According to CommonBond and… Read More

April 1, 2020 @ 10:14 pm By JD Alois  |  

Unless you are a student attempting to pay for university, or in the Fintech space, you may have never heard about Frank. But this Fintech has now matched about $12 billion in funding for over 400,000 students seeking higher education including scholarships, loans, grants and… Read More

October 27, 2019 @ 5:24 pm By JD Alois  |  

Figure Technologies, a lending platform that uses blockchain technology, is now offering student loan refinancing. Figure’s initial products included HELOC’s (home equity loans) and mortgage refinancing. Figure is the creation of Mike Cagney, founder of SoFi – a Fintech that started with the student lending… Read More

October 27, 2019 @ 4:58 pm By Timothy Li  |  

Online student loan lender Earnest has announced a brand new app to help students to get their student loans with ease. The Fintech revealed a new slogan alongside the app; “student loans that students love.” Susan Ehrlich unveiled the lenders app at Money2020 today which is… Read More

September 10, 2019 @ 12:21 pm By Samantha Hurst  |  

Student loan marketplace, College Ave Student Loans, announced on Tuesday it has completed a $300 million securitization of private student loans, its third securitization and largest to date. According to College Ave, the transaction was oversubscribed attracting a broad and diverse group of repeat investors and… Read More

July 29, 2019 @ 3:55 pm By Samantha Hurst  |  

Student loan marketplace, College Ave Student Loans, announced on Monday it is offering a special graduate loan for Harvard Law School students through its new program, College Ave Harvard Law Program, which offers one low fixed rate (5.695% APR). “The College Ave Harvard Law Program loan… Read More

July 24, 2019 @ 3:18 pm By Samantha Hurst  |  

U.S.-based fintech Plaid recently announced the launch of its new Liabilities endpoint feature, which will provide real-time information about users’ financial liabilities, starting with student loan debt and will add data access for more debt categories from mortgages to auto loans to credit cards. “We’re launching… Read More

June 26, 2019 @ 4:18 pm By Samantha Hurst  |  

BankMobile, a no-fee, mobile, online and tablet bank, announced on Wednesday the launch of its new student loan refinancing platform, BankMobile Student Refi. BankMobile reported that it has partnered with LendKey Technologies, a lending-as-a-service platform for banks and credit unions, to offer a simple, secure… Read More

April 8, 2019 @ 12:28 pm By Samantha Hurst  |  

Online lending platform SoFi announced on Monday the launch of its new SoFi Private Student Loans, which is a no fees, competitive rates, flexible payment options, and a mobile-first experience. SoFi reported that its SoFi Private Student Loans offering is built around an easy and transparent… Read More