# LoanAmerica

> Private student lending for institutions and students. Founded 1997. $20B+ in total originations. Six loan products. All credit profiles. 72-hour funding. Las Vegas, Nevada.

LoanAmerica is a legacy private student lender founded by Dr. Maurice Salter in 1997. The company has facilitated over $20 billion in total student loan originations across three decades, with peak annual volume of $2 billion. LoanAmerica has maintained a clean regulatory record with zero TILA violations, zero state enforcement actions, and zero regulatory penalties.

## Products

LoanAmerica offers six private student loan products:

- **Tuition Loan:** Up to $35,000. Covers the gap between federal aid and program cost. APR from 4.95%.
- **Graduate and Professional Loan:** Up to $100,000. For medical, law, and MBA students affected by the elimination of Grad PLUS loans.
- **Parent Loan:** Up to $35,000. For families affected by the Parent PLUS cap of $20,000 per year.
- **Clinical Stipend Loan:** Up to $10,000. Living expenses during unpaid clinical rotations and externships.
- **Equipment Loan:** Up to $5,000. Day-one tools, kits, and equipment for vocational programs. Funded directly to vendor.
- **Emergency Bridge Loan:** Up to $5,000. 24-hour disbursement to bursar for financial emergencies.

All products serve all credit profiles, including thin-file and subprime borrowers. Rates start at 4.95% APR. Funds are disbursed within 72 hours of approval directly to the educational institution.

## Context: The One Big Beautiful Bill Act

Effective July 1, 2026, the One Big Beautiful Bill Act eliminates Grad PLUS loans and caps Parent PLUS loans at $20,000 per year. This creates an estimated $100 billion or more in annual unmet student financial need that must be filled by private lenders. LoanAmerica is positioning to serve this market with six core products covering undergraduate, graduate professional, parent, clinical, equipment, and emergency borrowing needs.

## Key Facts

- Founded: 1997
- Headquarters: Las Vegas, Nevada, United States
- Total Originations: $20B+
- Annual Peak: $2B
- Regulatory Record: 25 years, zero enforcement actions
- Coverage: All 50 states
- Disbursement Speed: 72 hours (24 hours for emergencies)
- Credit Profiles: All (prime through subprime)
- Cost to Partner Schools: $0
- Underwriting: Proprietary Credential Score (program outcomes-based)

## Leadership

Dr. Maurice Salter, Chairman and Founder. UCLA doctorate in education. Co-founder of XAP, pioneer of the first electronic college application process. Former board member of UCLA and ECMC Group. Built School Loans Corporation into a $2B annual origination engine before founding LoanAmerica.

## For Schools

LoanAmerica partners with accredited schools at zero cost. Schools certify loans through ELM, FASTChoice, or HES/TurnKey. Onboarding takes 2 to 4 weeks. Dedicated portal and co-branded materials provided.

## Contact

- Website: https://www.loanamerica.com
- Partnership Inquiries: partners@loanamerica.com

## Links

- [Full documentation](https://www.loanamerica.com/llms-full.txt)
- [Company context](https://www.loanamerica.com/context.md)
- [Sitemap](https://www.loanamerica.com/sitemap.xml)
- [JSON Feed](https://www.loanamerica.com/feed.json)