COMPANY ANNOUNCEMENT · July 16, 2026
LoanAmerica Re-Enters Private Student Lending for the Post-OBBBA Market
The team behind more than $20 billion in student loan originations has returned to active lending as the One Big Beautiful Bill Act reshapes federal student aid.
LAS VEGAS, July 16, 2026 · LoanAmerica has returned to active private student lending as the One Big Beautiful Bill Act's student loan provisions take effect for the 2026-2027 academic year.
Founded in 1997, LoanAmerica and its affiliated origination platform, School Loans Corp, facilitated more than $20 billion in student and consumer loans 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, maintaining a record of zero TILA violations, zero state penalties, and zero regulatory enforcement actions.
The re-entry centers on three core products: the GapBridge Tuition Loan (up to $35,000), the Graduate & Professional Loan (up to $100,000), and the Parent Loan (up to $35,000). All three serve every credit profile, including thin-file borrowers, with a 72-hour funding target for approved applications.
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 across three decades, LoanAmerica re-entered active student lending in 2026 as the One Big Beautiful Bill Act reshaped federal student aid.
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