Lending Experience Since 1997.
Re-Focused for the 2026 Gap.
Founded in 1997, LoanAmerica® facilitated more than $20 billion in loan originations before federal nationalization ended private originations in 2010. The company managed loan portfolios and consumer lending from 2010 to 2025. With the One Big Beautiful Bill Act reshaping federal aid in 2026, LoanAmerica® is back to active student lending across undergraduate, graduate, and vocational programs.
Lending Since 1997
Student and consumer originations since 1997.
$20B+ in Loan Originations
Peak of $2 billion a year at School Loans Corp.
Active in 2026
Undergraduate, graduate, and vocational lending.
OUR PRINCIPLES
How we operate, and what we won't compromise on
Three commitments that shape every application we review.
EVERY CREDIT PROFILE GETS REVIEWED
We don't decline applications based on credit-score thresholds alone. The underwriting model evaluates each borrower as a whole. Federal-aid alternatives matter most for borrowers who don't fit the traditional private-loan profile, and that's the borrower we're built to serve.
A PREDICTABLE TIMELINE
Decisions arrive in 24 to 48 hours and approved funds disburse to schools on a weekly cycle. For students facing tuition deadlines or course-start dates, a dependable timeline is the difference between enrollment and a deferred semester.
BUILT FOR EVERY EDUCATION PATH
We finance undergraduate, graduate, and career-track programs with the same seriousness. Career-focused education is not an afterthought here. Where much of the market takes a narrow view of which programs are worth funding, we take a broader one.
OUR STORY
You Earned the Seat.
We Make Sure Money Doesn't Take It Away.
You got in. You did the work. You earned the acceptance letter, and then the funding gap told you no.
We built LoanAmerica® for that exact moment. As federal borrowing limits leave students facing unexpected financial shortfalls, we step in. We aren't here to replace what your school already offers. We exist to stand alongside it and finish the job.
Built for the Entire Higher Education Ecosystem
FOR STUDENTS AND FAMILIES
A clear path forward, no matter your program. We bridge the gap between what federal aid covers and what school actually costs, offering flexible funding across all credit profiles so financial hurdles don't steal the seat you earned.
FOR FINANCIAL AID OFFICES
Turn acceptances into actual Day One enrollments. Protect your yield and keep qualified students on track through graduation. Seamless certification through your existing channels with zero compliance friction.
FOR LENDERS AND CAPITAL PARTNERS
Mission-driven capital deployment. Back a platform built around a single, focused goal: getting accepted students across the financial finish line and onto campus.
Our track record, year by year
1997
LoanAmerica® Founded
Institutional-grade private lending launched for the vocational market.
1997 to 2010
School Loans Corp at Peak
Maurice Salter builds School Loans Corp into a $2 billion per year origination engine across federal and private student lending.
2010
$20B+ Originated
Cumulative originations pass $20 billion with a clean regulatory record throughout the origination era.
2010
Government Takes the Market
The Health Care and Education Reconciliation Act nationalizes federal student lending. Every private originator is displaced. LoanAmerica® survives by converting to portfolio management.
2010 to 2025
Loan Portfolio Operations
LoanAmerica® runs loan portfolio transactions and consumer lending while keeping its school relationships and underwriting expertise intact.
2026
The OBBBA Creates a $100B+ Gap
The One Big Beautiful Bill Act caps federal borrowing. LoanAmerica® returns to active student lending across undergraduate, graduate, and vocational programs.
HOW WE OPERATE
One brand, from application to servicing
Direct applications
LoanAmerica® provides private student loans for undergraduate, graduate, career-track, and trade-school programs. Applications come in directly from students and families.
Clear decisions, predictable funding
Decisions arrive in 24 to 48 hours and disbursements to schools run on a weekly cycle, so students never lose enrollment to financing uncertainty.
School context, not just scores
Institutional relationships let LoanAmerica® evaluate students in the context of their school and program, which means broader access for students who don't fit a credit-score-only model.
LEADERSHIP
One Team. Aligned.
Dr. Maurice Salter
FOUNDER
A graduate of UCLA with a doctorate in education. Co-founder of XAP Corporation, which pioneered the nation's first electronic college application process.
Founder of School Loans Corp and LoanAmerica®. Led a lending platform that facilitated more than $20 billion in loan originations since 1997.
A respected leader in American higher education, he has spent his career expanding access to college and career-track programs. A veteran board member of UCLA and ECMC Group, he has advised institutions, nonprofits, and capital partners on student access, affordability, and outcomes, and he is now a leading voice for institutions navigating the $100B OBBBA funding vacuum.
Ready to close the gap?
Students and families can start an application in minutes. Schools can talk with us about supporting the students their current programs cannot reach.
Last updated: July 2026