Tagged: student loans

February 21, 2019 @ 3:31 pm By Samantha Hurst  |  

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

February 14, 2019 @ 9:34 am By JD Alois  |  

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

December 4, 2018 @ 3:17 pm By JD Alois  |  

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

August 25, 2018 @ 4:10 pm By Stephanie Vaughan  |  

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

April 2, 2018 @ 4:00 am By Cali Haan  |  

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

March 21, 2018 @ 7:38 am By JD Alois  |  

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

March 7, 2018 @ 7:39 pm By JD Alois  |  

  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

January 29, 2018 @ 3:14 pm By Samantha Hurst  |  

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

January 5, 2018 @ 2:00 pm By Samantha Hurst  |  

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

December 11, 2017 @ 8:00 am By Samantha Hurst  |  

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

November 7, 2017 @ 3:51 pm By Samantha Hurst  |  

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

October 20, 2017 @ 12:26 pm By Samantha Hurst  |  

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

October 19, 2017 @ 8:23 am By Samantha Hurst  |  

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

October 5, 2017 @ 9:30 am By JD Alois  |  

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

July 7, 2017 @ 1:27 pm By Samantha Hurst  |  

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

June 12, 2017 @ 2:13 pm By JD Alois  |  

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

June 12, 2017 @ 11:59 am By Therese Torris  |  

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

June 12, 2017 @ 7:49 am By Samantha Hurst  |  

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

May 30, 2017 @ 5:37 am By Erin Hobey  |  

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

April 25, 2017 @ 11:22 am By JD Alois  |  

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