COMPANY ANNOUNCEMENT · July 14, 2026
LoanAmerica Launches School Partnership Program With 30-Day Onboarding
Financial aid offices can add a full-spectrum private lending option through the certification channels they already use, with onboarding in about 30 days.
LAS VEGAS, July 14, 2026 · LoanAmerica today announced its School Partnership Program, giving colleges, universities, and vocational institutions a structured way to offer students a private lending option built for the post-OBBBA funding landscape.
With the One Big Beautiful Bill Act now in effect, Grad PLUS loans are eliminated and Parent PLUS borrowing is capped at $20,000 per year. Schools face enrollment risk wherever financial aid packages no longer close the gap between aid and the actual cost of attendance.
The partnership program is designed around the financial aid office's existing workflow. Schools certify loans through ELM, FASTChoice, or HES/TurnKey, and approved loans target disbursement to the school within 72 hours of certification. Onboarding, from signed agreement to first certified loan, takes about 30 days.
Underwriting reviews every credit profile and incorporates the Credential Score, LoanAmerica's program-level evaluation of graduation rates, licensing pass rates, job placement, starting salaries, and cohort repayment history. Schools with strong outcomes raise approval odds for their own students, including applicants with thin credit files.
Financial aid leaders can review partnership details, including obligations, data handling, and onboarding steps, at loanamerica.com/partners.
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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