TITLE

Alumni-Sourced Lending Startup Plans Launch at 20 Schools

AUTHOR(S)
Wisniewski, Mary
PUB. DATE
March 2013
SOURCE
American Banker;3/26/2013, Vol. 178 Issue 46, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses CommonBond LLC, a company that raises money from alumni of the Wharton School for the purpose of making student loans to Wharton students. Chief executive David Klein observes that his firm is able to offer low interest rates to borrowers, and has a low default rate. CommonBond has plans to expand its operations to another 19 universities.
ACCESSION #
86429536

 

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