COMPANY ANNOUNCEMENT · 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.
LAS VEGAS, July 16, 2026 · LoanAmerica® is re-entering private student lending as the One Big Beautiful Bill Act's student loan provisions take effect for the 2026-2027 academic year, and has opened school partnership reviews ahead of its lending launch. Loan products are not yet available.
Founded in 1997, LoanAmerica® and its affiliated origination platform, School Loans Corp, facilitated more than $20 billion in loan originations before the Health Care and Education Reconciliation Act of 2010 nationalized federal student lending and displaced private originators. The company operated in loan portfolio management in the years since.
The re-entry centers on the GapBridge Tuition Loan (up to $35,000) and the Graduate & Professional Loan (up to $100,000). Both serve every credit profile, with weekly disbursements to partner institutions.
LoanAmerica® focuses on the segments most exposed to the federal changes: graduate and professional students who relied on Grad PLUS, families constrained by the new Parent PLUS cap, and vocational and trade students who have long been underserved by traditional private lenders.
About LoanAmerica®
LoanAmerica® is a private student lending company serving undergraduate, graduate, vocational, and trade-school programs. Founded in 1997, with more than $20 billion in loan originations since 1997, LoanAmerica® re-entered active student lending in 2026 as the One Big Beautiful Bill Act reshaped federal student aid.
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