Access to Money Student Loan Origination

As part of the company's commitment to enhancing our full suite of services, Access to Money-SL (Student Loan) enables banks/credit unions to participate in the fast-growing private student loan market. We are an outsourcing partner with proven experience and a streamlined, efficient solution for private student loan origination.

The Private Student Loan Market

Private student loans comprise over $20+ billion in the higher education funding market and the annual growth rate of private loans exceeds 25%. Private student loans are used to cover qualified education costs, including tuition, room and board, books and other school related expenses. They offer a way to bridge any potential gap between the actual cost of higher education and federal aid, grants and scholarships available.

Today, the wide range of economic pressures facing American families and students play a key role in the growth of the private student loan market. Yet as the demand grows with increased costs, the availability of private student loans has decreased. This has left great opportunities for banks/credit unions to meet the students' financial needs.

The Access to Money-SL Program

It has never been easier for banks/credit unions to enter the private student lending market. Access to Money-SL employs the latest technology and integration processes to customize a private student loan program quickly and seamlessly.

Here's how it works:

Benefits of Access to Money-SL Partnership

There are many reasons to select Access to Money-SL as an outsource partner. First and foremost, Access to Money offers FLEXIBLE solutions along with several other key ways we differ from our competition.

Loan underwriting decisions are determined by the banks/credit unions.
Access to Money-SL provides a "paperless" process from application and certification to loan document generation with digital signatures.
Minimal upfront investment is required for the banks/credit unions.
Origination fee income and above market interest rates are available on variable rate loans, which are non-dischargeable in a bankruptcy filing.
Fully customized programs are created to meet your members' needs.
Private student loans may be offered in less than 30 days.
Providing an attractive service to Generation Y will create a long lasting financial relationship.

Experience

Access to Money-SL has built a proven track record by establishing a relationship with credit unions serving the students from some of the most well-known colleges and universities across the United States; including the nation's largest state-run university system. These institutions have begun offering private student loans with competitive terms providing a much needed source of educational funds. The credit unions utilizing Access to Money-SL's platform have a field of membership of more than 500,000 students.

To complement this expertise, the Access to Money Executive Management team brings a familiarity with developing a wide range of solutions for financial institutions.

Ancillary Services

Access to Money is an industry leader in providing outsourced services to banks/credit unions. Such services include:

ATM machines
The unique "Bank at The Office" program
Branch build out and more

Stability and Viability

Access to Money, Inc. operates the Access to Money brand ATM products and services business. With over 12,000 ATMs located throughout the United States, Access to Money offers ATM sales, leasing, placement rentals, processing, and products and services to retailers and financial institutions. Access to Money, Inc. is publicly-traded on the over the counter bulletin board market under the ticker AEMI.