Our peer-to-peer lending platform will provide a full range of customized private student loan products in the various
forms that students need – short-term loans, long-term loans, balloon payment loans and consolidation loans.
By packaging the loans in a way that is intended to preserve the benefits and rights of "private student loans," our platform
aims to generate additional lender interest. Lenders look for private student loans since they are not dischargeable in bankruptcy.
For borrowers the benefits may include loan interest that may be tax deductible. We are dedicated to providing a full range of features
that are unique to the peer-to-peer student loan arena, such as enrollment verifications, disbursements directly to schools, etc.
We offer students a more affordable alternative to traditional borrowing options. Due to our unique method of assessing credit
via our patent-pending Human Capital Score™ our platform aims to facilitate lower rates and pricing when compared to credit cards
with low limits and near-term pay-back requirements.
Our platform will allow lenders and sophisticated risk managers to search, filter and match borrowers on a variety of human capital,
financial and educational metrics. More importantly, our patent-pending Human Capital Score™ (by providing a benchmark based on the
future economic value of a student’s education) provides lenders a means of assessing better the relative credit risk of student
borrowers. Lenders and investors can create a unique portfolio of individually selected student loans by accessing model-driven underlying
benchmark income projections and data.
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What types of loans are available on the platform?
Our peer-to-peer lending platform will focus on providing loans that qualify for "private student loan" status in the forms
that students need most:
- Short-term loans
- Long-term loans
- Balloon payment loans
- Consolidation loans
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What is so special about "student loans"?
Loans that qualify for private student loan status provide additional benefits to borrowers and lenders alike. For borrowers,
the loan interest payments may be tax deductible. For lenders, these loans are not dischargeable in bankruptcy – thus providing
additional comfort regarding ultimate payback.
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What are the special features of the People Capital peer-to-peer lending platform?
Credit risk assessments, as generated by the Human Capital Score™ underpin our peer-to-peer lending platform. Built on research developed
in The Wharton School of the University of Pennsylvania Insurance Department, the Human Capital Score™ uses academic information and merit
data such as GPA, standardized test scores, college and major to provide an unbiased ranking and projection of the future economic value
of an education.
Our platform will allow lenders and sophisticated risk managers to search, filter and match borrowers on a variety of human capital,
financial and educational metrics. Lenders and investors can create a unique portfolio of individually selected student loans by
accessing model driven underlying benchmark income projections and data.
By packaging the loans in a legally-compliant way these loans enjoy all the benefits and rights of "private student loans".
We are also dedicated to providing a full range of features that are unique to the student loan arena, such as enrollment verifications,
disbursements directly to schools, etc.
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Who can borrow on the platform and what are the benefits to borrowing on the platform?
The People Capital platform aims to match all student borrowers with available lenders. Since the platform uses the Human Capital Score™,
lenders are better able to assess a borrower’s stand-alone future economic potential, and may not insist on co-signers and guarantors.
The platform will enable students to access funds at the best available rates. With People Capital they can qualify for private
student loan funding based on academic merit and future income potential. In addition, we believe that our patent-pending Human Capital Score™
will result in more attractive pricing – compared to existing loans and/or credit card debt – due to its superior ability to benchmark
relative credit risk.
Note: Private Student Loans are available for accredited students and can only be used to pay for educational expenses, such as tuition and fees, room and board, books, school supplies, and transportation.
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Who can lend on the platform and what are the benefits to lending on the platform?
The People Capital lending platform is intended for all types of lenders and investors, whether individual or institutional.
Financial Institutions who want to invest in the student loan space, but find the only current option (student loan ABS)
unattractive due to lack of transparency and lack of insightful, granular credit risk tools. Our data-rich platform allows them to search,
filter and match on numerous financial, human capital and educational metrics. They can create a unique portfolio of individually selected
student loans — with all the associated underlying model generated data.
Philanthropic/Affinity Groups who seek opportunities to "give back" for important social objectives, or to meet stated
philanthropic objectives. We provide a platform that enables them to find, filter and match with a community of potential targets and
that allows them to lend rather than donate their funds, thereby assuring future funds for their charitable mission. By supporting
educational choices through "loans" rather than "donations" or "scholarships," the investment funds of these institutions can be
replenished over time.
Individual Investors who desire alternative asset classes to balance their portfolios or provide risk-adjusted returns.
Currently individual investors have no direct access to the "student loan" asset class. The People Capital platform will change that.
"Friends & Family" who seek to lend to a specific borrower. The People Capital platform will allow them to fund their
targets and benefit from loans that qualify for "private student loan" status.