The main lobbying group for banks, the Consumer Bankers Association, is trying to get the government to add caps on how much graduate students and parents of undergraduates can borrow from the government; caps would force people to go to private lenders and would benefit those with better credit histories; there is also a group of investors trying to get clearer legislation passed for income sharing agreements; changes could result in billions of dollars worth of opportunities for banks and investors as the most recent academic year totaled $107bn. Source.
Climb Credit is taking a different approach to lending to college students, taking into consideration the ROI on a degree;...
CommonBond, best known as a leading provider of online student loans, has made its second acquisition, NextGenVest, an artificial intelligence...
In the latest Tearsheet podcast, the Chief Product Officer of Earnest, David Green, talks about the impact of the pandemic...
The CEO and Co-Founder of MPOWER Financing, Manu Smadja, discusses the unique challenges underwriting international students and why their is so much demand for their loans.
The New York Fed's most recent Household Debt and Credit Report shows credit levels reaching new highs; total consumer debt for Q2 2017 was $12.8 trillion and student loan debt reached $1.3 trillion; Forbes highlights an increasingly upward trend in student lending which it says is being supported by federal government loans. Source
The platform announced their latest securitization which is a $233.75 million deal; provisional ratings of AAA were given by both Moody’s and DBRS; this is CommonBond’s sixth transaction and they have now securitized a total of $1.22 billion in loans. Source
CommonBond has laid off about 18 percent of their workforce as they restructure internally to prepare for what they believe...
Nomad Credit provides their perspective on the large international student lending industry. Source
Income Share Agreements (ISAs) are slowly growing in popularity as an alternative to traditional student loans; a new company called...