College Ave Student Loans Secures $65MM in Financing
College Ave Student Loans diversifies funding; announces new credit facility from Guggenheim Investments
(Wilmington, DE) February 21, 2019
College Ave Student Loans, the leading fintech lender in the student loan industry, announced today that it has secured a $65 million credit facility from Guggenheim Investments, the global asset management and investment advisory business of Guggenheim Partners. The multi-million dollar credit facility provides College Ave with increased capacity to expand its successful private student lending business.
“The credit facility from Guggenheim Investments enables us to accelerate our growth in private student loan lending and financing,” said Joe DePaulo, CEO and Co-Founder of College Ave Student Loans. “The new financing highlights our strong, diversified capital structure and funding base that allow us to deliver best-in-class products for our customers and consistent performance for our investors.”
The credit facility is another marker for College Ave Student Loans as the leading fintech lender in the student loan industry. College Ave originates new private undergraduate, graduate, and parent loans as well as student loan refinancing. To date, College Ave has more than $2B in committed loan purchasing power and maintains an impressively high customer satisfaction of 4.8 out of 5 stars, delivering on its commitment to making the student loan process a better experience for its borrowers.
About College Ave Student Loans
College Ave Student Loans is simplifying the student loan experience so students can get on with what matters most: preparing for a bright future. As a fintech lending company with a sole focus on private student loans, we’re using technology and our deep industry expertise to connect families who need to cover education costs with lenders who can provide that funding. By specializing in student loans, we are able to give our customers the attention they deserve and deliver loans that are simple, clear, and personalized for the individual: we help you find your perfect fit. We offer competitive rates, a wide range of repayment options, and a customer-friendly experience from application through repayment. Visit: www.collegeavestudentloans.com.