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  • The Massachusetts Educational Financing Authority announces its “ABLE Savings Plan.”

  • With its innovative Verification Gateway solution — featuring a new Software as a Service (SaaS) option — Inceptia is making the verification process easier, faster, and more accurate than ever for students and financial aid departments. The system combines the time savings of a fully automated, seamless process with the flexibility to add personal interaction whenever needed, guiding students and parents through verification via a highly secure, mobile-friendly web portal.

  • Tech Crunch reports SoFi Chief Executive OfficerMichael Cagney said he thinks today’s record amount of student loan debt is a bad thing. “I wish there were a lot less student loan debt out there,” he said. Part of the reason he believes so much debt exists is that students do not get enough financial education before they go to college and agree to take out those loans.

  • Financial Planning reports that SoFi joined the industry’s growing hybrid robo advisor ranks with an entry that adds a new layer of competition for millennial clients.

  • Joe Wood, President and Chief Executive Officer of InvestEd, appeared on WTHR Eyewitness News to explain his organization’s new initiative that allows Hoosiers to reduce debt by refinancing their student loans to secure lower interest rates.

  • SoFi and JetBlue announced a partnership that lets those with student loans simultaneously lower their payments while earning valuable airline loyalty points, the first partnership between a direct lender for student loans and an airline. Through the partnership, JetBlue’s TrueBlue members who refinance their student loans with SoFi will now earn one TrueBlue point for every $2 they refinance through the lender, up to 50,000 points.

  • Educational Credit Management Corporation (ECMC) recognized the 88 high school seniors from Virginia who have completed the ECMC Scholars Program, qualifying each of them for up to $6,000 in scholarships for postsecondary education.

  • DeVry Education Group announced that it has changed its name to Adtalem Global Education. Its new ticker symbol, ATGE, debuted on the New York Stock Exchange.

  • The New Jersey Higher Education Student Assistance Authority announced interest rates for the NJCLASS family loan program for the 2017-18 academic year will remain level.

  • As thousands of Michigan college students celebrate their graduation this spring, the Michigan Department of Treasury is working in conjunction with Inceptia, a nonprofit company, to help residents who are facing challenges in navigating the loan repayment process.

  • Nine University System of New Hampshire (USNH) college students were awarded a College Equals Opportunity (CEO) scholarship at a recognition breakfast on June 8 at The NHHEAF Network Organizations. During the breakfast, the Organizations, along with NH-based business leaders, awarded $2,500 scholarships to rising college juniors and seniors, each who has demonstrated outstanding leadership abilities, commitment to service, and academic excellence. Since its inception in 2004, the CEO program has awarded $367,500 in scholarships to 88 New Hampshire college students.

  • ReliaMax®, the complete private student lending solutions provider, announced that the banks and alternative lenders participating in the Connext® Private Student Loan program will lower the interest rates on those loans.
  • Educational Credit Management Corporation (ECMC) recognizes the 78 high school seniors in Connecticut and Oregon who this spring completed the ECMC Scholars Program, qualifying each of them for up to $6,000 in scholarships for postsecondary education.

  • The Wall Street Journal reports that Social Finance Inc. (SoFi) announced on June 12 that it applied for a new bank charter with the U.S. Federal Deposit Insurance Corporation.

  • U.S. News and World Report explores loan options for international students, saying a few colleges and companies in the U.S. will lend to prospective and current international undergrads. The article highlights the work of NCHER member MPOWER Financing, which provides loans to both undergraduate and graduate students.

  • ConServe employees recently volunteered at the Nathaniel Rochester Community School #3 and presented the concepts of financial literacy, entrepreneurialism, and workforce readiness to students in grades one through six.

  • To reach students who are not meeting required academic standards and need to file an appeal, Inceptia has introduced SAP Advisor, a holistic solution that features a fully automated, intuitive online process.
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