Newsroom.
The story of a lender that came back.
LoanAmerica® facilitated more than $20 billion in loan originations before federal nationalization ended private origination in 2010. In 2026, Congress recreated the market. Company announcements, facts, and media contact below.
Company announcements
July 14, 2026
LoanAmerica® Opens School Partnership Reviews Ahead of Lending Launch
Financial aid offices can begin partnership reviews now. Onboarding is designed to take about 30 days once lending goes live, through the certification channels offices already use.
July 16, 2026
Grad PLUS Is Gone: LoanAmerica® Statement on the OBBBA Taking Effect
The federal programs that covered the gap between financial aid and the real cost of education are gone or capped as of July 1. LoanAmerica® was rebuilt for this moment.
July 16, 2026
LoanAmerica® Re-Enters Private Student Lending for the Post-OBBBA Market
The team behind more than $20 billion in loan originations is returning to student lending as the One Big Beautiful Bill Act reshapes federal student aid.
Fast facts
Founded
1997
Institutional-grade private lending for the vocational market
Consumer Finance Originations
$20B+
Since 1997
Peak Annual Volume
$2B
At the height of private origination
Focus
Tuition & Graduate
Tuition and Graduate & Professional loans
Disbursement Schedule
Weekly
Funds disburse to institutions on a weekly cycle
Coverage
Nationwide
Serving accredited schools nationwide
The 2026 story
Between 1997 and 2010, the team behind LoanAmerica® built one of the country's significant private student lending operations, originating more than $20 billion in loan originations, with a clean regulatory record. The Health Care and Education Reconciliation Act of 2010 nationalized federal student lending and displaced every private originator. The company converted to loan portfolio operations and waited.
In July 2025, the One Big Beautiful Bill Act was signed into law. Effective July 1, 2026, it eliminated Grad PLUS loans entirely and capped Parent PLUS borrowing at $20,000 per year, removing the federal programs that hundreds of thousands of families relied on to close the gap between financial aid and the real cost of education.
LoanAmerica® is re-entering lending for exactly this moment: private student loans for undergraduate, graduate, vocational, and trade programs, reviewing every credit profile, in partnership with the schools whose students need a plan.
Media contact
Press and interview inquiries: [email protected]
We respond within one business day.