Wednesday, June 10, 2015

Student-Loan Refinancing Boom Could Cost U.S. Taxpayers Billions - Bloomberg Business

Student-Loan Refinancing Boom Could Cost U.S. Taxpayers Billions - Bloomberg Business



Lendkey Technologies Inc.
since better-quality borrowers have no logical reason to stay put and subsidize others, said Vince Passione, founder of Lendkey Technologies Inc., which connects students online with private student-loan lenders. In April, an affiliate of Apollo Global Management LLC, billionaire Leon Black’s private-equity investment shop, said it plans to invest $1 billion in refinanced student loans through LendKey.

A company called Earnest, which started online student-loan refinancing in January

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