FinTech Earnest has teamed with Nova Credit to offer private student loans for international students. The partnership, announced Monday (July 17), is happening at a time when foreign-born students make up nearly 5% of the student population at U.S. colleges and universities, the two companies said in a news release. “Beyond...
The Biden-Harris Administration is providing more than $116.6 billion in student loan forgiveness to 3.4 million borrowers. The Department of Education will begin notifying 804,000 of those borrowers that $39 billion of that debt will be automatically discharged in the following weeks, the department said in a...
Goldman Sachs has reportedly completed a $1 billion loan sale to the investment firm Varde as part of its plans to exit from its Marcus consumer loan business. Varde bought the loans from Goldman at a price that was labeled as a discount to face value, Bloomberg reported Thursday (July 13), citing...
Today’s middle-market companies are tomorrow’s investment-grade companies. But as Alan Koenigsberg, senior vice president and global head of large, middle market, treasury and working capital solutions at Visa, told Karen Webster, when it comes to giving them the tech-enabled tools they need to blossom and scale, “the...
Flipkart has partnered with Axis Bank to launch a digitally enabled personal loan offering. With this personal loan offering, the Indian eCommerce marketplace’s customers can get loan approval on Flipkart within 30 seconds and flexible repayment cycles ranging from six months to 36 months, the companies said in...
United States consumers take out student loans in hopes that a college education for their children or themselves will contribute to a higher income later in life. The underlying assumption is that the loans they take on and later repay will provide a positive return...
The White House wants to offer debt relief to student loan borrowers as payments resume. According to an announcement last week by the U.S. Department of Education, the government will set up a year-long “on-ramp” to repayments — running from Oct. 1 of this year until Sept. 30,...
Gulp Data has secured a credit facility of up to $25 million to expand its commercial lending capacity. The firm will now offer businesses non-dilutive funding directly from its own balance sheet as well as working with forward flow partners, as it has done since 2021,...
European businesses have new options for securing loans. For example, Fidelity International is expanding into European business lending with a new fund that will make secured loans to midsized businesses on the continent, the Financial Times (FT) reported Sunday (June 18). That move comes shortly after asset manager BlackRock acquired private...
