We help lenders understand the risk profile of student loan borrowers at scale in less than 6 seconds.
We are hard at work building a turnkey loan program that will be available by the 2022/2023 academic year that will be based on the student’s college risk profile.
More data, more insight, better informed lending decisions.
Today it is possible to base lending decisions on a student's academic track record, field of study, projected earnings, and future free cash flow with all current and future student loan debt.
The problem with the current system
Hardworking students are being left behind due to the lack of imagination over the last decade of lenders in the private student loan market. Lenders also lack the infrastructure and expertise to make sound lending decisions ‘at scale’ to students without cosigners.
Rules-based model that is updated annually based on post-pandemic student performance data. Combining over a quarter century of education finance experience with data analytic talent.
Einstein offers a turnkey program to unlock insights on student risk to allow lenders to make loans to hardworking students. The evolution of the model will be based on a growing data set using the most advanced predictive data analytics with each passing year. Initial risk assessments will build on predictive models in existence, risk flags used by college administrators and solid risk identifiers. It is the only 100% automated loan origination process that is required to process the high amount of data timely, consistently and error free.
Advantages of our model
How does it work?
Student applicants will be evaluated on the most insightful, predictive data available from third party trusted sources. Risk assessment will be based on a student’s academics, a student’s future earnings potential, and a student’s projected ability to pay back all student loan debt. The current industry standard relies solely on a cosigners’ current job income and a cosigner’s past credit history, ignoring the student’s risk profile.
Lenders will gain access to a turnkey, 100% automated, instantaneous student risk score informed by reliable, third party sources of data. Annual score updates will be enriched with a growing data set across all clients based on today’s performance data, not yesterday’s pre-pandemic loan performance.
As a lender, what you will get?
Advanced student risk assessment
Powerful annual updates from advanced, predictive analytics.
Interested in integrating the Einstein Risk Score to your Platform?
Einstein provides developers with tools that speeds up the integration of their loan origination platform to the Einstein Risk Score.
Are you a lender that wants to improve your mission to help ‘students’ pay for college?
We will inform you when the program is up and running. Along the way, we will provide you with Einstein insights on the private student loan industry.