Student loans in the United States

CampusDoor and Sparrow Drive Digital Transformation In Private Student Lending

Retrieved on: 
Wednesday, October 19, 2022
Professional Services, Education, Technology, Mobile, Wireless, Internet, Banking, University, Student, Generation Z, Generation, Gen, FAQ, CEO, Student loans in the United States, Bank, Online shopping, Real estate, Sparrow

CampusDoor , one of the nations largest third-party, private student loan origination platforms, today announced an exclusive joint venture with Sparrow to expand banks and credit unions competitive advantage in capturing and retaining Generation Z borrowers.

Key Points: 
  • CampusDoor , one of the nations largest third-party, private student loan origination platforms, today announced an exclusive joint venture with Sparrow to expand banks and credit unions competitive advantage in capturing and retaining Generation Z borrowers.
  • Now Sparrow and CampusDoor are jointly offering a proprietary solution to help lenders bring the same ease and transparency to their prospects.
  • This exciting venture will further help lenders provide a wow experience to every student applicant, said Sara Parrish, President, CampusDoor.
  • Non-bank mortgage lenders have also signed on for CampusDoor services like Student-Loan-in-a-Boxwhich allows them to offer private student loan refinancing with a ready secondary market.

Percent's 'Corporate Loans' Offer Seamless Access to Venture Debt for Early-Stage, High-Growth & VC-Backed Startups

Retrieved on: 
Wednesday, May 18, 2022
Investment, NEW, Traction, Environment, Science and technology in Asia, Private credit, ARR, Investor, Ownership, Student loans in the United States, Efficiency, Three Sides Live, Industry, KPI-driven code analysis, Corporation, CB Insights, Growth, CEO, Security (finance), Financial services, Bank, Percentage

NEW YORK, May 18, 2022 /PRNewswire/ -- Percent, the platform powering the future of private markets, today announces the launch of Corporate Loans, which offers VC-backed startups a fast and seamless way to tap minimally-dilutive venture debt financing options – amid a slowing pace in growth-stage VC equity rounds. Through its proprietary holistic algorithm, Percent's platform can provide startups with more capital upfront, compared to tapping into their existing ARR. Corporate loans are a new asset class being brought to Percent's industry leading platform, opening up venture debt opportunities to accredited investors for the first time.

Key Points: 
  • Through its proprietary holistic algorithm, Percent's platform can provide startups with more capital upfront, compared to tapping into their existing ARR.
  • Corporate loans are a new asset class being brought to Percent's industry leading platform, opening up venture debt opportunities to accredited investors for the first time.
  • Venture debt is a $150 billion+ market filled with high-growth venture equity-backed companies.
  • Shorter terms are available compared to what is typically offered by venture debt funds alongside a transparent market to continuously refinance.

Latest MeasureOne Data Confirms Private Student Loan Market Returning to Pre-Pandemic Norms

Retrieved on: 
Tuesday, December 21, 2021
Income, Education, Student loans in the United States, Delinquent, CEO, Report, Discover Card, Industry, Organization, List, Student, Citizens Bank, API, Department, PNC Financial Services, Hardship, SAN, Weather, Employment, Multimedia, Privacy, Research report, Bank, Credit, Online shopping

"The fact that delinquency and defaults remain near historic lows while forbearance rates have returned to pre-COVID levels, reaffirms how strong underwriting and a focus on ability to repay leads to customer success," said Elan Amir, CEO for MeasureOne. "This is a well-functioning market with strong safeguards in place to weather the challenges posed by the pandemic. In addition, the increase in originations -- after a decline last year -- could very well signal we are on our way to a rebound in terms of college enrollment."

Key Points: 
  • SAN FRANCISCO, Dec. 21, 2021 /PRNewswire/ -- MeasureOne today released its bi-annual Private Student Loan Report, an industry leading research report leveraging MeasureOne's custom analytics services.
  • Private student loans, which are fully underwritten to assess creditworthiness and ability to repay, make up approximately 7.6% of total student loans outstanding as of Q2 2021.
  • The remaining 92.4% of the $1.72 trillion in student loans are federal loans owned or guaranteed by the Department of Education.
  • The Private Student Loan Report ("Report") reflects data as of end-Q3 2021 for private student loans and does not include federal student loan data.

First Resource Bank Announces Second Quarter Results; Achieves Organic Loan Growth Of 7% For The Quarter, 17% Year-to-date

Retrieved on: 
Friday, July 30, 2021
Paycheck Protection Program, United States responses to the COVID-19 pandemic, Student loans in the United States

During the second quarter we replaced our PPP loans that were forgiven with new organic loan growth.

Key Points: 
  • During the second quarter we replaced our PPP loans that were forgiven with new organic loan growth.
  • Total interest income increased 11% when comparing the second quarter of 2021 to the first quarter of 2021.
  • Increased interest income from loan growth was offset by a 7 basis point decline in loan yields when comparing the second quarter of 2020 to the second quarter of 2021.
  • The increased provision for loan losses in the second quarter is reflective of the strong organic loan growth in the quarter."

Student Loan Forbearance Is Ending--How You Can Prepare

Retrieved on: 
Tuesday, July 27, 2021
Mortgage, Money, Finance, Loans, Forbearance, Economy, Student loans in the United States, Student loan, Loan servicing, Student loan default in the United States

SAN JOSE, Calif., July 27, 2021 /PRNewswire/ -- Federal student loan payments have been paused since March 2020. By now, many of us have forgotten what it's like to have that monthly bill. As the country begins reopening, the end of federal student loan forbearance is on the horizon. Unless there's an extension, forbearance will end on September 30, 2021. Here's how you can start preparing to make student loan payments again and avoid missed payments or default.

Key Points: 
  • As the country begins reopening, the end of federal student loan forbearance is on the horizon.
  • Here's how you can start preparing to make student loan payments again and avoid missed payments or default.
  • Some student loan borrowers continued making payments toward their student loans during the forbearance payment.
  • Leading up to the end of forbearance, your student loan servicer may communicate with you via mail or email to let you know important information about your student loans.

More Than Half of Families Plan to Use Student Loans to Help Pay for College

Retrieved on: 
Monday, July 26, 2021
Money, Finance, Economy, Loans, Student loans in the United States, Student loan, Debt, Credit, Student debt

More than half (55%) of families will use student loans, according to a recent national College Ave Student Loans survey of 1,045 parents conducted by Barnes & Noble College Insights.

Key Points: 
  • More than half (55%) of families will use student loans, according to a recent national College Ave Student Loans survey of 1,045 parents conducted by Barnes & Noble College Insights.
  • To help manage the extra expenses, 48%took on student loans to cover the gap while 30% relied on parent loans.
  • With student or parent loans from College Ave Student Loans, families can stress less about financing and focus on their child's bright future ahead."
  • Federal student loans do have borrowing limits, which is where private student or parent loans can help cover the gap.

Advance America: 4 Factors to Consider When Choosing a Small Loan

Retrieved on: 
Friday, July 23, 2021
Loans, Money, Finance, Mortgage, Mortgage loan, Economy, VA loan, Student loans in the United States

Some general loan shopping advice applies to both types of loans, but small loans do have unique factors to consider.

Key Points: 
  • Some general loan shopping advice applies to both types of loans, but small loans do have unique factors to consider.
  • Regular fees are another critical consideration on small loans since any fee will be a much larger percentage of the total loan amount.
  • In other words, a $50 fee on a $100,000 mortgage is insignificant compared to that same $50 fee on a $300 loan.
  • If someone's looking for a small loan, there's a solid chance they need the funds relatively soon.

College Ave Student Loans Latest Securitization Earns AAA S&P Rating

Retrieved on: 
Wednesday, July 21, 2021
Finance, Money, Economy, Loans, Student loans in the United States, United States housing bubble, Debt, Personal finance, Student loan, Private student loan, Securitization, DBRS

WILMINGTON, Del., July 21, 2021 /PRNewswire/ -- College Ave Student Loans announced it has completed a $279.6 million securitization of private student loans, its second for 2021 and the first to receive a AAA rating from S&P Global.

Key Points: 
  • WILMINGTON, Del., July 21, 2021 /PRNewswire/ -- College Ave Student Loans announced it has completed a $279.6 million securitization of private student loans, its second for 2021 and the first to receive a AAA rating from S&P Global.
  • "Achieving AAA ratings from both DBRS and S&P is a significant milestone for the company," said Joe DePaulo, CEO and Co-Founder of College Ave Student Loans.
  • Forbes Advisor, NerdWallet and Money also named College Ave as a winner on their "Best of 2021" awardslists in the private student loans category.
  • College Ave Student Loans started with a big vision and a simple mission take the stress out of paying for college so students can focus on preparing for a bright future.

FinTech Platform "Loanz" Launches for specific purpose, to give Personal Loans Nationwide

Retrieved on: 
Wednesday, July 21, 2021
Money, Finance, Loans, Economy, Business loan, LendingClub, Student loans in the United States
Key Points: 
  • DELAWARE, Md., July 21, 2021 /PRNewswire/ -Loanz, a long standing FinTech platform has launched in North America with one sole purpose, to provide personal loans to consumers Nationwide.
  • Our platform, Loanz, now has the ability to provide Personal Loans through a fully digital process , an initiative that we have been working on establishing for many months".
  • Loanz offers personal loans as low as $1,000 and as high as $15,000 on a 1-year to 5-year term basis.
  • Consumer Genius allows borrowers to compare rates from multiple lenders, comparing credit card rates, car loans, personal loans, small business loans and even credit rebuilding services.

College Ave Student Loans Offers New Health Professions Loan for Graduate Students

Retrieved on: 
Thursday, July 15, 2021
Money, Finance, Student loans in the United States, Economy, Loans, Personal finance, Student loan, Private student loan

WILMINGTON, Del., July 15, 2021 /PRNewswire/ --College Ave Student Loans, a leading fintech private student loan lender, today announced a new financing option for graduate students pursuing an advanced degree in a health profession.

Key Points: 
  • WILMINGTON, Del., July 15, 2021 /PRNewswire/ --College Ave Student Loans, a leading fintech private student loan lender, today announced a new financing option for graduate students pursuing an advanced degree in a health profession.
  • The College Ave Graduate Health Professions Loan offers competitive interest rates, no origination or application fees and longer and flexible repayment terms of up to 20 years for graduate students pursuing a degree in a medical field, such as pharmacy, allied health or nursing.
  • "With the College Ave Graduate Health Professions Loan, we want to offer a flexible and simple option that offers immediate financing so students can focus on their education and career path ahead."
  • In addition to its new Graduate Health Professions Loan, College Ave offers a robust suite of college financing options for graduate students pursuing advanced degrees:
    College Ave Medical School Loan offers flexible repayment options, no origination fees, and the option to defer full payments for up to 48 months as students fulfill residency and fellowships.