# LoanAmerica > Private student lending company for institutions and students. Founded 1997. $20B+ in student loan originations, with three decades of experience across student and consumer lending. Three core private student loan products. All credit profiles. 72-hour funding. Las Vegas, Nevada. LoanAmerica is a private student lending company founded by Maurice Salter in 1997. We provide private student loan products to students, families, and parent borrowers across undergraduate, graduate, vocational, and trade-school programs. The company has facilitated over $20 billion in student loan originations since 1997, with peak annual volume of $2 billion across three decades operating in student and consumer lending. LoanAmerica has maintained a clean regulatory record since 1997, with zero TILA violations, zero state enforcement actions, and zero regulatory penalties. ## Products LoanAmerica offers three private student loan products: - **Tuition Loan:** Up to $35,000. Covers the gap between federal aid and program cost. All credit profiles welcome through partner-school risk-sharing. - **Graduate and Professional Loan:** Up to $100,000. For medical, law, and MBA students affected by the elimination of Grad PLUS loans. - **Parent Loan:** Up to $35,000. For families affected by the Parent PLUS cap of $20,000 per year. All products serve all credit profiles, including thin-file and subprime borrowers. LoanAmerica's school risk-sharing partnership model and the Credential Score enable approvals beyond traditional underwriting. Rates are based on individual credit profile and program. Funds are disbursed within 72 hours of approval directly to the educational institution. ## Context: The One Big Beautiful Bill Act Effective July 1, 2026, the One Big Beautiful Bill Act eliminates Grad PLUS loans and caps Parent PLUS loans at $20,000 per year. This creates an estimated $100 billion or more in annual unmet student financial need that must be filled by private lenders. LoanAmerica is positioning to serve this market with three core products covering undergraduate, graduate professional, and parent borrowing needs. ## Key Facts - Founded: 1997 - Headquarters: Las Vegas, Nevada, United States - Total Originations: $20B+ in student loans since 1997 (three decades operating across student and consumer lending) - Annual Peak: $2B - Regulatory Record: Since 1997, zero enforcement actions - Coverage: All 50 states - Disbursement Speed: 72 hours (24 hours for emergencies) - Credit Profiles: All (prime through subprime) - Cost to Partner Schools: $0 - Underwriting: LoanAmerica's proprietary Credential Score evaluates program outcomes alongside traditional credit factors ## Leadership Maurice Salter, Chairman and Founder. UCLA doctorate in education. Co-founder of XAP, pioneer of the first electronic college application process. Former board member of UCLA and ECMC Group. Built School Loans Corporation into a $2B annual origination engine before founding LoanAmerica. ## For Schools LoanAmerica partners with accredited schools at zero cost. Schools certify loans through ELM, FASTChoice, or HES/TurnKey. Onboarding takes 2 to 4 weeks. Dedicated portal and co-branded materials provided. ## Contact - Website: https://www.loanamerica.com - Partnership Inquiries: partners@loanamerica.com ## Links - [Full documentation](https://www.loanamerica.com/llms-full.txt) - [Company context](https://www.loanamerica.com/context.md) - [Sitemap](https://www.loanamerica.com/sitemap.xml) - [JSON Feed](https://www.loanamerica.com/feed.json)