Industry News

30
Jan
Discover Financial Announces Record Growth in Student Loan Market in 2016

Student loan debt may be preventing borrowers from buying a home, starting a family, and saving for retirement, but for Discover Financial Services, it’s helping it boost earnings and revenue. Late last week, Discover Financial Services reported a 13 percent jump in net income during the fourth quarter and a 4 percent rise in revenue. Much of this [&he

Posted in: Industry News, Student Loan News,
30
Jan
Navient Reports Fourth Quarter Results That Fail to Meet Predictions

Navient, the largest student loan servicing company in the U.S., reported fourth quarter earnings last week that fell short of Wall Street’s expectations and was lower on a year-over-year basis, hurt by reduced net interest income and higher costs. For the fourth quarter of 2016, Navient said net income came in at $129 million, which […]

Posted in: Industry News, Student Loan News,
23
Jan
SoFi Going After the Australian Mortgage Market

Just six years after student loan refinancing company SoFi splashed on the scene, it is now one of the nation’s largest fintech companies, funding $14 billion in refinanced student loans, personal loans, and mortgages to date and boasting savings to its members to the tune of $1.45 billion. SoFi started off refinancing student loans for qualified stud

Posted in: Industry News, Student Loan News,
20
Jan
Tuition.io Adds Live Nation Entertainment to its Client Roster

Tuition.io, the startup that helps employers pay down their workers’ student loan debt, has added another high-profile client to its roster. USA Today recently announced that Tuition.io has added Live Nation Entertainment, and it’s close to 9,000 employees, to its platform. Live Nation Entertainment is joining a growing list of employers who are usi

Posted in: Industry News, Student Loan News,