Tagged: student loans

April 13, 2017 @ 1:53 pm By Samantha Hurst  |  

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

February 28, 2017 @ 4:23 pm By JD Alois  |  

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

February 8, 2017 @ 4:05 pm By Samantha Hurst  |  

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

December 9, 2016 @ 4:34 am By Erin Hobey  |  

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

November 10, 2016 @ 8:46 am By Samantha Hurst  |  

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

November 4, 2016 @ 4:10 pm By Samantha Hurst  |  

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

September 14, 2016 @ 7:00 am By Erin Hobey  |  

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

February 26, 2016 @ 8:00 am By Samantha Hurst  |  

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

January 28, 2016 @ 2:56 pm By Samantha Hurst  |  

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

December 22, 2015 @ 3:07 pm By Samantha Hurst  |  

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

December 10, 2015 @ 12:05 pm By Samantha Hurst  |  

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

September 30, 2015 @ 12:25 pm By Samantha Hurst  |  

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

August 27, 2015 @ 4:25 pm By Samantha Hurst  |  

Insurance Provider, USI Affinity, announced on Thursday that is has formed a partnership with marketplace lending, SoFi, to offer members of the Pennsylvania Bar Association (PBA) the opportunity to consolidate and refinance their private and federal student loans into a single loan with a lower… Read More

July 30, 2015 @ 9:35 am By Samantha Hurst  |  

SoFi, a marketplace lender, announced it has priced a securitization of $417.6 million in refinanced student loans. It also announced SoFi was considered the first fintech company to receive an “AAA” rating from DBRS and an “AA2” from Moody’s for the senior notes, which equaled $387.3 million. Nino Fanlo, SoFi CFO/COO,… Read More

May 28, 2015 @ 7:00 am By Erin Hobey  |  

LendKey Grand Slam: Hits 35,000 Customers, Expands Management Team, $8M venture debt line from Silicon Valley Bank and Raises Additional $125M Commitment From Network of Credit Unions LendKey, the Lending-as-a-Service platform that connects borrowers with credit unions and banks, today announced several key growth milestones. The… Read More