Seeking to boost their student loan volume, eight banks are planning a joint venture to automate the financial aid process nationally.

To be known as Educational Loan Management Partners, the venture will provide disbursement, information, and funds directly to colleges participating in the Federal Family Education Loan Program electronically.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.