FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / Press Releases / Read Press Release


Guggenheim Investments Closes $65MM Credit Facility for Fintech College Ave Student Loans

February 22, 2019, 09:00 AM
Filed Under: Fintech
Related: Fintech

College Ave Student Loans, the leading fintech lender in the student loan industry, announced 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.

Week's News

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.