Tagged: student loans

College Ave Student Loans Is Now Offering Special Graduation Loan For Harvard Law School Students

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

Plaid Launches New Liabilities Endpoint to Provide Real-Time Information About Users’ Financial Liabilities Starting With Student Loans

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

BankMobile Launches New Student Loan Refinancing Platform

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

SoFi Announces Launch of Private Student Loans With No Fees

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

College Ave Student Loans $65 Million Credit Facility from Guggenheim Investments

Student loan marketplace, College Ave Student Loans, announced on Thursday it secured a $65 million credit facility from Guggenheim Investments, the global asset management and investment advisory business of Guggenheim Partners.  College Ave Student Loans claimed the credit facility is another marker for it as… Read More

CommonBond Boosts Lending Capacity with $750 Million from Goldman Sachs, Citi and More

Fintech CommonBond has announced that it has arranged $750 million in lending capacity from Goldman Sachs, Citibank, Barclays, BMO, and ING. CommonBond is an online lender with a mission to give students and graduates more affordable, transparent, and simple ways to pay for higher education. To… Read More

Fintech CommonBond Acquires NextGenVest, Now Serves 100,000+ Students

Paying for college can be complex and stressful, and that stress follows most people well past graduation – but it doesn’t have to, says David Klein, CEO and co-founder of CommonBond. The Fintech reports that it is executing on its mission having now provided lower cost lending to more than 100,000 Gen… Read More

Perspective: Student Loans Have Failed American Students, What About Income Share Agreements? [u]

Postsecondary education in America is at a crossroads. With 44 million Americans who owe $1.5 trillion in student loan debt, delinquency and defaults ruining the financial future of millions of individuals, and students on the financial hook for paying for something that might not deliver… Read More

Is Bitcoin a Comparable Gamble to Student Debt?

Author’s note (August 22, 2019): I came upon this article I wrote early on in recent days, and would like to add that I am considerably less enthused now about cryptocurrencies than I was when I wrote th9s article- as I hope we all are…. Read More

Fifth Third Bank Leads $50 Million Funding Round for CommonBond

CommonBond, a Fintech platform that enables students and graduates to finance their education, has announced a new $50 million Series D funding round. Fifth Third Capital Holdings, part of Fifth Third Bankcorp (NASDAQ:FITB) led the round with participation from First Republic Bank (NYSE: FRC) and… Read More

Online Lender CommonBond Receives First AAA Rated Securitization

  CommonBond, an online lending platform servicing the student loan market, has received its first triple A rating for securitization. Moody’s has assigned provisional ratings of (P)Aaa (sf) to Class A-1 and A-2 notes to be issued by CommonBond Student Loan Trust 2018-A-GS (CBSLT 2018-A-GS)…. Read More

WeWork Joins Forces With SoFi to Help Employees & Members to Tackle Student Debit

Online lending platform SoFi announced on Monday that it has joined forces with WeWork to help WeWork’s more than 3,000 employees and over 175,000 members take on their student loan debt. The lender revealed that this is its first SoFi At Work partnership to extend… Read More

Student Loan Startup Frank Secures $10 Million During Series A Funding Round

Frank, a New York-based student loan startup, announced this week that it has secured $10 million through its Series A  Funding Round, which was led by Apollo Global Management, with participation from Reach Capital, and Aleph. This funding round brought its total funding amount to… Read More

SoFi Completes $769 Million Student Loan Securitization; Brings Total ABS Issuance to $6.9 Billion in 2017

On Friday, online lending platform SoFi announced that it has closed its $769 million SoFi Private Student Loan notes (SoFi 2017-F). The lender revealed that the closing marked its 12th ABS transaction this year and brings the total amount of ABS issuance to $6.9 billion. SoFi reported… Read More

SoFi Launches “Refi and Relax” Program to Combat Against Student Loan Anxiety

Online lending platform SoFi announced on Tuesday it has launched its Refi and Relax campaign, which the lender explained is on a mission to educate graduates on their refinancing options as a way to relieve the overwhelming stress that comes with carrying student debt. The… Read More

Student Lender Climb Credit Enters in $130 Million Loan Purchase Agreements

Online student lending platform, Climb Credit, announced this week it has entered into agreements with investors to purchase $130 million of student loans originated on its website. According to the lender, this new transaction will enable it to continue expanding its student loan programs beyond its current network… Read More

SoFi Debuts Student Loan Refinancing Program For Medical Residents

Online lending platform SoFi announced on Wednesday the launch of its student loan refinancing program that is dedicated to medical residents. The program enables the residents to tackle their college debt faster. It was revealed: “Anyone who pursues the medical field knows that the path… Read More

Sold. Earnest Acquired by Navient for $155 Million

Earnest, an online lender in the student loan space, has been acquired for $155 million by Navient (NAVI) – the largest student loan servicer in the US. Since 2015, Earnest has refinanced approximately $2 billion in loans saving an estimated $500 million for thousands of… Read More

SoFi Announces Partnership With Alaska Air to Help New Members Save Money on Student Loans While Earning Summer Travel Points

Online lending platform SoFi announced this week it has teamed up with Alaska Air to help its new members save money on student loans while also earning extra summer travel points. The online lender revealed the exciting news through its Twitter on Thursday: We’ve partnered… Read More

CommonBond Closes $231 Million Securitization of Student Loans

CommonBond is reporting they have closed a $231 million securitization of refinanced student loans. The online lender says the issuance received their highest ratings to date with Moody’s rating Aa3, DBRS at AA. The securitization was CommonBond’s fourth and largest and was said to be… Read More

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