In the latest Tearsheet podcast, the Chief Product Officer of Earnest, David Green, talks about the impact of the pandemic...
Income Share Agreements (ISAs) are slowly growing in popularity as an alternative to traditional student loans; a new company called...
CommonBond has laid off about 18 percent of their workforce as they restructure internally to prepare for what they believe...
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
Nomad Credit provides their perspective on the large international student lending industry. Source
Harrison Hochman and Devin Cintron recently launched a pilot of an online loan marketplace that is called Sparrow Lending; Sparrow...
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...
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.
[Editor’s Note: This is a guest post from Nathan Treadwell, VP of Business Development at Nomad Credit. Nomad Credit is...