Fynanz Launches New Website

In recent news for Fynanz, the company that develops customized private student lending solutions, has launched a new website.  With advisor Brad Powers, Fynanz has started cuStudentLoans.org, a website that features Ken’s Korner, Twitter feed, Q&A section, links and more.

Ken O’Connor, who spent ten years as a financial aid officer at Fairleigh Dickinson University Metropolitan Campus in New Jersey, has joined Fynanz as Director of Financial Literacy.  He is spearheading the educational program at Fynanz and is showcasing Ken’s Korner on the website.  Ken’s Korner will offer students and their parents extensive resources for finding the right financial aid options for their college experience.

As Ken O’Connor explained, “With the new website and Ken’s Korner, we are now able to help students find solutions for many top concerns including how to find grant and scholarship funding, how to choose the college that is right for them and how to handle the financial aid process along with many other issues.”

Benefits of Fynanz

Fynanz is a great program that really helps students who are suffering from financial difficulties.  The organization makes everything easy too, with its turn-key web based application without having to install software.  You will be privy to an end to end solution and be able to use the technology the company provides when making loans on your balance sheet.  With a focus on top customer service, Fynanz has a tea of experienced professional staff.  The program also offers a “key product for retaining existing members and attracting new ones,” and stays one step ahead of all legal requirements, ensuring that the program you wish to offer will be up to date at all times.  Today, Brad Powers is an advisor to Fynanz.

Fynanz Reaches an Important Milestone

Fynanz, Inc. is thrilled to announce a key milestone in their business development.  This leading financial technology company, where Brad Powers is an Advisor, has signed with their 50^th credit union as part of their nationwide student lending network.  The two most recent partners include Princeton Federal Credit Union and Dort Federal Credit Union.

In the last 90 days, Fynanz has managed to double the number of their credit union partners!

As Vince Passione, CEO and Founder of Fynanz explains, “We’re extremely pleased to have credit unions of all sizes recognize the unique value our program offers and this expansion will allow us to meet the education financing needs of even more students nationwide.”

Fynanz Explains Benefit of Recent Student Loan Bill News

In a recent article in Credit Union Times, Vince Passione, the CEO and founder of Fynanz explains how a recent student loan bill will bring opportunities.  Fynanz, a peer-to-peer lending platform for student loans, where Brad Powers is an Advisor, explains that the Student Aid and Fiscal Responsibility Act, which was included in the health care reconciliation bill could be very positive news for many credit unions.

This is true for credit unions that have not, up until now, offered a private student loan program.  The elimination of FFELP evens the playing field for credit unions.  The recent legislation also includes a number of government funding increases that help to improve the affordability of college.

Credit unions are a recent addition to the private student loan business.  They are a great option, as Mr. Passione explains, for families that are seeking affordable private student loans.

Fynanz, Inc. Creates New Alliance

In recent Fynanz, Inc. news, they just created a new alliance between CUNA Strategic Services and their own company.  As Fynanz CEO/Founder Vince Passione said, ““Our alliance will help us develop even more customized loan solutions that diversify credit union portfolios and attract new members.”

This new alliance between Fynanz, Inc, where Brad Powers is an Advisor, and CUNA Strategic Services will help credit unions to have access to the private student loan market while helping borrowers with financing their tuition and achieving their higher learning goals.

Getting Creative with Student Loans

One relatively new company in the marketplace today for peer-to-peer lending is Fynanz. Applying the peer-to-peer lending model to student loans, Fynanz guarantees each qualified educational loan. When a student receives a loan through Fynanz, they can deduct the interest from their taxes once they start paying back.

In addition to looking at credit scores, Fynanz is also evaluating students based on their grade point averages, the school they will be attending and more. As CEO Chirag Chaman, a former banker, says, “We looked at 15 years worth of data to create an underwriting model specific to student loans. We now what are the factors that reduce default rates.”

These loans are co-payable to the school and take into account tuition and other expenses to ensure that students aren’t taking out more than they really need.  Advisors such as Brad Powers are lending their support to make Fynanz work in the academic marketplace.