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Student loan providerLendKey, based in New York City, said Dec. 4 it surpassed $500 million in loan volume on its cloud-based technology platform.
New York City-based servicer touts growth of business on its cloud-based platform.
The problem of snowballing student loan debt is well-documented in what seems like a weekly ritual in the media. While it is true that graduates are often left with numerous loans, each with different payment schedules and terms, we hear precious little about solutions.
Formerly Fynanz, company says it now has 250 lending partners on its platform.
Along with a new name, LendKey said it added 58 credit unions to its client list for student lending services in 2012.