Tagged: student loans

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

Prodigy Finance: a Global Online Lending Platform for Premium Higher Education

Where do you apply for a student loan if, like 29-year old Amit, you are an Indian engineer in his first job in London who has just been accepted at a business school in France? With no credit history, no local co-signer and no knowledge… Read More

SoFi Teams Up With JetBlue to Help Customers Manage Student Loans While Earning Travel Rewards

Online lending platform SoFi recently announced it has formed a partnership with airline company JetBlue to help customers manage their student loans while also earning travel rewards. The companies claimed this is the first partnership between a direct lender for student loans and an airliner…. Read More

“Constructive Synergy”: Indian P2P Lender Faircent Introduces New Student Loan

Indian online P2P lending platform Faircent.com announced a new semi-secure student loan product in collaboration with Bangalore-based micro-lending startups.  Lenders ay also opt for a partly-secured alternative-investment opportunity that delivers a higher return. Under the partnership, college students may fund purchase of items such as laptops, books and… Read More

CommonBond Now Offers Student Loans to All Undergraduate & Graduate Students

CommonBond, a student loan provider that previously offered financing only to MBA students, has pushed into student loans for both current undergraduates and graduate students. The online lender said it is the first and only company in the US to offer a full suite of student… Read More

College Ave Student Loans Secures $30 Million During Fourth Equity Round

Student loan marketplace, College Ave Student Loans, announced on Thursday it secured $30 million during its fourth equity round. Investors of the funding round included new and existing participants, which included Comcast Ventures and Leading Edge Ventures. Speaking about the funding, Joe DePaulo, College Ave… Read More

CommonBond Launches New Scholarship Program to Fund Education

CommonBond, an online lender that provides student loan refinancing as well as personal loans, has launched a new scholarship program. CommonBond has now lent almost a billion dollars to fund education and they see an opportunity to help make student loans more affordable by launching a… Read More

Promontory Interfinancial Teams Up With SoFi For Super-Prime Student Loan Program

Promontory Interfinancial Network, LLC announced on Wednesday it has teamed up with SoFi for a new program to enable community banks to purchase super-prime student loans originated by the online lender. According to Promontory, the program will help community banks gain access to SoFi’s high quality… Read More

Student Loan Marketplace Credible Partners with New Hampshire Higher Education Loan Corporation

Student loan marketplace Credible.com announced that the New Hampshire Higher Education Loan Corporation (NHHELCO) will offer student loan refinancing through the site, expanding the range of options available to borrowers. An estimated 8 million Americans may qualify to refinance their student loans at lower rates, according to the… Read More

Credible Expands Student Loan Marketplace & Announces Partnership With Massachusetts Educational Financing Authority

Student loan marketplace Credible announced on Wednesday it has formed a partnership with the Massachusetts Educational Financing Authority (MEFA).  The organization will now be offering student loan refinancing to borrowers nationwide through Credible’s multi-lender platform. Credible will reportedly allow borrowers to request personalized rates from MEFA and other partner… Read More

SoFi Offers New Program to Pay down Student Debt By Using Home Equity

SoFi, one of the largest online lenders in the US, announced this week the launch of its new program dedicated to helping homeowners pay off their student debt faster. The platform new offering, which is called the Student Loan Payoff ReFi, allows homeowners to have the… Read More

LendKey Releases New Report: “Positive Signal for Private Student Loans”

LendKey, a fintech company which provides institutional investors, banks, credit unions, affiliates, and borrowers with “access, efficiency, and speed” within the lending ecosystem, today released an inaugural industry-specific report entitled Positive Signal for Private Student Loans. In April the New York and Cincinnati based platform surpassed the billion-dollar mark in… Read More

Brief: DRB Completes Fifth Securitization of Refinanced Student Loans

DRB, a national bank and a marketplace lender that has reached $1 billion in student loan refinancings, today announced it has closed its fifth securitization. This fifth securitization brings total issuance in excess of $1.1 billion. DRB has been providing refinancing options for student loans… Read More

Brief: Marketplace Lender College Ave Student Loans Secures $20 Million in Financing

On Thursday,  marketplace lender College Ave Student Loans announced it secured $20 million in financing from Comcast Ventures, the venture capital affiliate of Comcast NBCUniversal, with participation from Fenway Summer Ventures (headed by former CFPB Deputy Director Raj Date), DW Partners, former SLM Corp. CEO… Read More

Brief: DRB Completes Fourth Securitization of Refinanced Student Loans

DRB, a bank and marketplace lender that has reached $1 billion in student loan refinancings, announced this week that it has closed its fourth securitization. This securitization brings total issuance in excess of $928.2 million. The $332.5 million in senior notes were rated A2 to… Read More

CommonBond Set to Provide Each Employee up to $100 Per Month For Student Loan Repayment

CommonBond, a marketplace lending platform that lowers the cost of student loans for borrowers and provides financial returns to investors, announced on Tuesday it is set to provide each company employee up to $100 every month, or $1,200 each year, to help pay down their loans…. Read More

Brief: Credible Closes $10M in Series A Funding Led By Dianrong & LendingClub Co-Founder Soul Htite

Credible, a multi-lender student loan marketplace that allows borrowers to receive competitive loan offers from its vetted lending partners, announced on Wednesday that it has closed its recent $10 million Series A funding round. This round was led by Soul Htite, founder and CEO of Dianrong.com/ co-founder… Read More

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