LoanAmerica Opens School Partnership Reviews Ahead of Lending Launch

LAS VEGAS, July 14, 2026 · LoanAmerica today opened partnership reviews for its School Partnership Program, giving colleges, universities, and vocational institutions a structured way to prepare a private lending option for their students ahead of the company's lending launch.

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 program is designed around the financial aid office's existing workflow. Schools will certify loans through ELM, FASTChoice, or HES/TurnKey, with approved loans targeting disbursement within 72 hours of certification. Onboarding is designed to take about 30 days from signed agreement to first certified loan once lending is live.

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.

Loan products are not yet available. Schools that complete partnership reviews now will be positioned to certify loans at launch. Financial aid leaders can review partnership details, including obligations, data handling, and onboarding steps, at loanamerica.com/partners.