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
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
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
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
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
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
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
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
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
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, 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
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
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
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
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
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
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
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
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
Online lending platform SoFi announced on Monday that it has joined forces with WeWork. Through the collaboration, SoFi will 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… Read More
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