--- title: Einstein Higher Edu Solutions is modernizing underwriting for private student loans description: Student risk becomes the foundational basis to underwrite private student loans with Einstein Higher Edu Solutions and its founder Aaron Pisacane. image: https://www.einstein.consulting/hubfs/BlogPost_Thumb.jpg --- [Skip to content](https://www.einstein.consulting/blog/einstein-higher-edu-solutions-is-modernizing-underwriting-for-private-student-loans#main-content) - [Login](http://admin.einstein.consulting) - [Developers](http://docs.einstein.consulting) - [About us](https://www.einstein.consulting/about-us) - [Blog](https://www.einstein.consulting/blog) - [Contact](https://www.einstein.consulting/contact) Close - [For CollegeStudents](https://www.einstein.consulting/student) - [For Lenders](https://www.einstein.consulting/lender) - [Einstein Risk Score](https://www.einstein.consulting/einstein-risk-score) - [About us](https://www.einstein.consulting/about-us) - [Blog](https://www.einstein.consulting/blog) - [Contact](https://www.einstein.consulting/contact) - [Developers](http://docs.einstein.consulting) [![logo](https://www.einstein.consulting/hubfs/_Toolkit/einstein_logo_blue.svg "logo")](http://einstein.consulting) - [For College Student](https://www.einstein.consulting/student) - [For Lenders](https://www.einstein.consulting/lender) - [Einstein Risk Score](https://www.einstein.consulting/einstein-risk-score) [Aaron Pisacane](https://www.einstein.consulting/blog/author/aaron-pisacane) 24 Jun 2021 2 min read # Einstein Higher Edu Solutions is modernizing underwriting for private student loans Aaron Pisacane is taking his 26 years of experience in private student loans, including recently as Chief Credit Officer of the largest student loan lender, to help hardworking students pay for college. His new company exists to modernize the underwriting process of private student loans.   ### Student risk becomes the foundational basis to underwrite private student loans Traditional bank and nonprofit lenders require undergraduate students obtain a cosigner to secure a private student loan to pay for college. The problem is that not all hard working college students have parents with good credit. Also, placing the burden on parents with good credit to pay for 4-5 years of college is asking a lot.  Einstein Higher Edu Solutions has solved this problem by focusing on a student’s academic track and other factors to determine a student’s likelihood of successfully paying back their loans.  Current societal upheavals that were accelerated by the COVID-19 pandemic demands that lenders look beyond traditional underwriting models to lend to individuals that need access to credit at reasonable rates.   Regulators in other loan products seem to now support creative underwriting solutions to expand credit for diversity and inclusion.    ### Looking beyond the cosigner increases access to paying for college By looking at the accomplishments of college students and other relevant risk factors, access to credit is opened up at acceptable interest rates to students and acceptable risk levels to lenders. Einstein Higher Edu Solutions seeks to be a catalyst to society by powering diversity and inclusion in our economic system.     Don’t let your traditional underwriting models remain obstacles to hardworking students in realizing their dreams.  Visit our [website](https://www.einstein.consulting/home)  to learn how Einstein Higher Edu Solutions can help you.  ## RELATED ARTICLES ### [Aaron Pisacane 14 Jul 2023 6 min read Biden's Updates to the Income Driven Repayment Plan for Student Loans Impacts to Private Student Loan Repayment Performance More Updates to Direct Federal Student Loans Besides Repayment Restart ... Start Reading](https://www.einstein.consulting/blog/einstein-higher-edu-solutions-is-modernizing-underwriting-for-private-student-loans-1-0-0-1-0-0-0-0) ### [Aaron Pisacane 07 Jul 2023 4 min read Are your private student loan programs focused on undergraduate growth programs? Five-Year Undergraduate Enrollment Trends Spring Enrollments: 5 Year Trends at Public 4 Year Universities Enrollment data ... Start Reading](https://www.einstein.consulting/blog/einstein-higher-edu-solutions-is-modernizing-underwriting-for-private-student-loans-1-0-0-1-0-0-0) ### [Aaron Pisacane 30 Jun 2023 5 min read 6/30/23 UPDATE: Impacts to Private Student Loans When Federal Student Loan Payments Restart in October 2023 Are strategies in place to protect student loan performance? Impacts to After-Tax Income by Federal Student Loan Payments As ... Start Reading](https://www.einstein.consulting/blog/einstein-higher-edu-solutions-is-modernizing-underwriting-for-private-student-loans-1-0-0-1-0-0) [![einstein\_logo\_white](https://www.einstein.consulting/hubfs/_Toolkit/einstein_logo_white.svg)](http://einstein.consulting) **Einstein Higher Edu Solutions LLC** 917 N. Hancock Street Philadelphia, PA 19123 - [Einstein Higher Edu Solutions](https://www.einstein.consulting) - [For College Students](https://www.einstein.consulting/student) - [For Lenders](https://www.einstein.consulting/lender) - [Einstein Risk Score](https://www.einstein.consulting/einstein-risk-score) - [About us](https://www.einstein.consulting/about-us) - [Blog](https://www.einstein.consulting/blog) - [Contact](https://www.einstein.consulting/contact) Einstein Higher Edu Solutions © All rights reserved - [Privacy Policy](https://www.einstein.consulting/privacy-policy) - [Powered by Ander Group](https://www.ander.group/en) ```json { "@context" : "http://schema.org", "@type" : "Organization", "address" : { "@type" : "PostalAddress", "addressCountry" : "", "addressLocality" : "Philadelphia", "addressRegion" : "PA", "postalCode" : "19123", "streetAddress" : "917 N. Hancock Street" }, "email" : "hello@power.com", "knowsLanguage" : "en", "logo" : { "@type" : "ImageObject", "url" : "https://19883800.fs1.hubspotusercontent-na1.net/hubfs/19883800/_Toolkit/einstein_logo_blue.svg" }, "name" : "Einstein Higher Edu Solutions", "telephone" : "+49 (0) 89 123 456", "url" : "https://www.einstein.consulting/blog/einstein-higher-edu-solutions-is-modernizing-underwriting-for-private-student-loans" } ``` ```json { "@context" : "http://schema.org", "@type" : "BlogPosting", "abstract" : "Student risk becomes the foundational basis to underwrite private student loans with Einstein Higher Edu Solutions and its founder Aaron Pisacane.", "author" : { "@type" : "Person", "name" : "Aaron Pisacane" }, "dateModified" : "July 21, 2021 4 PM", "datePublished" : "June 24, 2021 9 AM", "headline" : "Einstein Higher Edu Solutions is modernizing underwriting for private student loans", "image" : "https://f.hubspotusercontent00.net/hubfs/19883800/BlogPost_Thumb.jpg", "inLanguage" : "en", "keywords" : "[]", "mainEntityOfPage" : { "@type" : "WebPage" }, "name" : "Einstein Higher Edu Solutions is modernizing underwriting for private student loans", "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://19883800.fs1.hubspotusercontent-na1.net/hubfs/19883800/_Toolkit/einstein_logo_blue.svg" }, "name" : "Einstein Higher Edu Solutions" }, "text" : "Aaron Pisacane is taking his 26 years of experience in private student loans, including recently as Chief Credit Officer of the largest student loan lender, to help hardworking students pay for college. His new company exists to modernize the underwriting process of private student loans. Student risk becomes the foundational basis to underwrite private student loans Traditional bank and nonprofit lenders require undergraduate students obtain a cosigner to secure a private student loan to pay for college. The problem is that not all hard working college students have parents with good credit. Also, placing the burden on parents with good credit to pay for 4-5 years of college is asking a lot. Einstein Higher Edu Solutions has solved this problem by focusing on a student’s academic track and other factors to determine a student’s likelihood of successfully paying back their loans. Current societal upheavals that were accelerated by the COVID-19 pandemic demands that lenders look beyond traditional underwriting models to lend to individuals that need access to credit at reasonable rates. Regulators in other loan products seem to now support creative underwriting solutions to expand credit for diversity and inclusion. Looking beyond the cosigner increases access to paying for college By looking at the accomplishments of college students and other relevant risk factors, access to credit is opened up at acceptable interest rates to students and acceptable risk levels to lenders. Einstein Higher Edu Solutions seeks to be a catalyst to society by powering diversity and inclusion in our economic system. Don’t let your traditional underwriting models remain obstacles to hardworking students in realizing their dreams. Visit our website to learn how Einstein Higher Edu Solutions can help you.", "url" : "https://www.einstein.consulting/blog/einstein-higher-edu-solutions-is-modernizing-underwriting-for-private-student-loans", "wordCount" : "353" } ```