College Ave Student Loans
| Private | |
| ISIN | 🆔 |
| Industry | Student loans, Student loans refinancing |
| Founded 📆 | |
| Founder 👔 | |
| Headquarters 🏙️ | , , United States |
Area served 🗺️ | |
Key people | Joseph DePaulo (Chief Executive Officer) Timothy Staley (Chief Operating Officer) James Keller (Chief Financial Officer) Michael Rosica (Chief Crediting Officer) |
| Members | |
Number of employees | 38 (April 2017)[1] |
| 🌐 Website | collegeavestudentloans.com |
| 📇 Address | |
| 📞 telephone | |
College Ave Student Loans is a private student loan and student loan refinancing company founded in Wilmington, Delaware.[2] in 2014 by Joe DePaulo and Tim Staley,[3] both of whom were previously executives at Sallie Mae.[4] College Ave was the first "marketplace lender to focus on helping students and their families during and after school."[4] By June 2016, College Ave had approved over $430 million in student loans.[5] In October 2017, College Ave completed a $161 Million Securitization, its first.[6][7]
History[edit]
At the time College Ave was founded in 2014, it was the first new private student loan provider to enter the private college education loan market in almost three years.[3] College Ave focused on specializing the customer experience and offering flexible loans types.[4] It approved over $430 million in loans between December 2014 and June 2016[5] and received an additional $30 million in equity funding in early 2017,[8] bringing its four-round total to over $60 million.[9] As of April 2017, its funding options were offered to students at more than 2,500 colleges across the United States.[1] College Ave offers loans for undergraduate and graduate students, as well as private parent loans,[10] an alternative to federal parent loans that have fixed interest rates.[11] It also offers student loan refinancing.[12][13]
Both DePaulo and Jim Keller have been featured speakers and panelists at industry events.[14][15][16][17] In a January 2016 article about the future of online marketplace lending, Experian included DePaulo as an industry expert.[18] DePaulo was also featured in a 2016 Squawk Box episode, Tackling the Student Debt Crisis,[5] and a March 2017 WSJ: Watching Your Wealth podcast, Key Tax Tips for Your Student Loans.[19]
References[edit]
- ↑ 1.0 1.1 Davis, Shabria (24 April 2017). "This Wilmington student loan startup raised $30 million". Technical.ly Delaware. Retrieved 14 June 2017.
- ↑ Blumenthal, Jeff (13 April 2017). "Comcast ventures part of $30M investment in local student lender". BizJournals. Retrieved 9 June 2017.
- ↑ 3.0 3.1 Goss, Scott (2 February 2016). "Student loan company lands $20M". DelawareOnline. Retrieved 9 June 2017.
- ↑ 4.0 4.1 4.2 "A Look Inside Comcast Ventures Student Loan Marketplace Disruptor". Comcast. Retrieved 9 June 2017.
- ↑ 5.0 5.1 5.2 "Tackling The Student Debt Crisis" (video). CNBC. 30 August 2016. Retrieved 9 June 2017.
- ↑ "College Avenue Student Loans completes $161M, A securitization". Bankless Times. Retrieved 11 October 2017.
- ↑ "College Ave Student Loans Completes $161MM in Inaugural Securitization". MarketWatch. Retrieved 11 October 2017.
- ↑ Goss, Scott (19 April 2017). "Wilmington startup lands $30M in venture capital". Indy Star. Retrieved 26 June 2017.
- ↑ "College Ave Student Loans". CrunchBase. Retrieved 14 June 2017.
- ↑ "Student Loans For College". College Avenue Student Loans. Retrieved 14 June 2017.
- ↑ Powell, Farran (20 April 2016). "Weigh Pros, Cons of Using a Private Parent Loan to Pay for College". U.S. News & World Report. Retrieved 9 June 2017.
- ↑ Savage, Terry (27 January 2017). "Student loan refinancing is picking up steam". Chicago Tribune. Retrieved 9 June 2017.
- ↑ O'Connell, Brian (22 May 2016). "Can You Actually Refinance a Student Loan? Yes, You Can". TheStreet.com. Retrieved 14 June 2017.
- ↑ "Joe DePaulo". Money20/20. Retrieved 26 June 2017.
- ↑ "Jim Keller". LendIt. Retrieved 26 June 2017.
- ↑ "LendIt USA 2017 Agenda: The Strength of Student Platforms in the Securitization Market". LendIt. 2017. Retrieved 26 June 2017.
- ↑ "Innovation and partnership in marketplace lending" (PDF). Experian. 2016. Retrieved 26 June 2017.
- ↑ Rivera, Kerry (19 January 2016). "Experts Comment on Future of Online Marketplace Lending". Experian. Retrieved 26 June 2017.
- ↑ "WSJ Watching Your Wealth: Key Tax Tips for Your Student Loans". Wall Street Journal. 31 March 2017. Retrieved 26 June 2017.
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