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Graduate Leverage Introduces In House Servicing and New Entitlement Programs to Mitigate Student Debt

Posted on: Wednesday, 24 October 2007, 09:00 CDT

Graduate Leverage (GL), a leading educational debt advisory service, announces the opening of its new loan origination and servicing branch in College Station, Texas. In response to a more than 1,000% surge in origination volume from 2006 to 2007, and to strengthen its commitment to students, Graduate Leverage has committed to life of loan servicing for all of its borrowers.

"Flexibility and control in our origination processing along with long term commitment to customers via life-of-loan servicing will uniquely distinguish Graduate Leverage's offerings to schools and borrowers," says Dan Thibeault, Graduate Leverage president and co-founder. "In rolling out this expansion of services, including the addition of the College Station, Texas facility, Graduate Leverage has committed to offering comprehensive loan servicing, adding to our deep commitment to providing high levels of service to borrowers."

Along with longstanding relationships with students at top graduate schools, Graduate Leverage exhibits a strong commitment to supporting financial aid offices with its suite of innovative products. These multi-faceted efforts have resulted in tremendous origination growth in 2007/2008 loan processing. At schools such as the Wharton School at the University of Pennsylvania, GL has gone from virtually no volume to more than 75% of the incoming class. "We now have relationships at over 220 universities and expect this number to more than double in the upcoming year. I believe schools have recognized our strong commitment to higher service levels at a time when many of our competitors are scaling back," furthered Thibeault.

Since its inception, Graduate Leverage has been committed to mitigating students' debt burdens by optimizing entitlement programs afforded to them by the Department of Education. This has transitioned from Consolidation, to lender analysis and selection, and now with the passage of the College Cost Reduction and Access Act of 2007, there are new entitlement programs that every student borrower should be able to comprehend. "We are in a great position as a company to respond and remain flexible to students needs; our ability to service our own loans will provide students greater savings while managing their debt holistically," said Thibeault.

About Graduate Leverage

Founded in 2003 by Harvard MBA students, Graduate Leverage is a lending platform and debt advisory service created to help students lower the cost of their student debt. As the first student loan intermediary, Graduate Leverage helps students, parents and financial aid officers better understand borrowing options in an increasingly complex market by providing analytical tools, APR analyses and advisory services that mitigate the cost of borrowing. In its goal to secure the best deals for all students, Graduate Leverage has helped more than 65,000 students and originated more than $2.8 B in loans. For more information, visit www.graduateleverage.com.

Source: Business Wire

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