{"id":3887,"date":"2023-05-13T14:05:31","date_gmt":"2023-05-13T08:35:31","guid":{"rendered":"https:\/\/fly.finance\/blog\/?p=3887"},"modified":"2023-05-13T14:05:32","modified_gmt":"2023-05-13T08:35:32","slug":"study-abroad-goldman-sachs-partners-with-mpower-financing-for-education-loans-news-2023-05","status":"publish","type":"post","link":"https:\/\/fly.finance\/blog\/news-updates\/study-abroad-goldman-sachs-partners-with-mpower-financing-for-education-loans-news-2023-05\/","title":{"rendered":"Study Abroad: Goldman Sachs Partners with MPOWER Financing for Education Loans"},"content":{"rendered":"\n<p>Goldman Sachs has partnered with MPOWER Financing to provide loans for international students studying in the <a href=\"https:\/\/leverageedu.com\/blog\/study-in-usa\/\"><strong>US<\/strong><\/a> and <a href=\"https:\/\/leverageedu.com\/blog\/study-in-canada\/\"><strong>Canada<\/strong><\/a>. The partnership is part of Goldman Sachs&#8217; growing investment portfolio in education products. MPOWER Financing has already secured $500m (4,001 Crore) in investments from various investors, including ETS Strategic Capital.<\/p>\n\n\n\n<p>Venture capital investment in fintech and lending in the education sector is attracting a wide range of new and existing players, as they look to diversify their income streams. Moreover, Martin Baseri, of ApplyBoard, recently attended the ASU-GSV conference to promote the imminent launch of a new loan-comparison platform called Passage. The platform may come online later this year and attract investors.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2023\/05\/13135106\/african-female-graduate-cap-mantle-smiling-sitting-with-books-4-1024x683.jpg\" alt=\"Study Abroad: Goldman Sachs Partners with MPOWER Financing for Education Loans\" class=\"wp-image-3888\" srcset=\"https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2023\/05\/13135106\/african-female-graduate-cap-mantle-smiling-sitting-with-books-4-1024x683.jpg 1024w, https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2023\/05\/13135106\/african-female-graduate-cap-mantle-smiling-sitting-with-books-4-300x200.jpg 300w, https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2023\/05\/13135106\/african-female-graduate-cap-mantle-smiling-sitting-with-books-4-768x512.jpg 768w, https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2023\/05\/13135106\/african-female-graduate-cap-mantle-smiling-sitting-with-books-4-1536x1024.jpg 1536w, https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2023\/05\/13135106\/african-female-graduate-cap-mantle-smiling-sitting-with-books-4-2048x1366.jpg 2048w, https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2023\/05\/13135106\/african-female-graduate-cap-mantle-smiling-sitting-with-books-4-150x100.jpg 150w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-increased-outbound-student-mobility-fuelled-improved-access-to-loans\"><span id=\"increased-outbound-student-mobility-fuelled-improved-access-to-loans\">Increased Outbound Student Mobility Fuelled Improved Access to Loans<\/span><\/h2>\n\n\n\n<p>The increased outbound student mobility, especially from India to major anglophone destinations, is improving access to loans. The provision of globally secure student loans is seen as a way to open up potential from markets. Also, it&#8217;s been linked to rapid population and socio-economic growth in the next 25 years, including in Indonesia and Nigeria.<\/p>\n\n\n\n<p>GradRight, which is part of the growing breed of ed-financing companies in India, has witnessed &#8216;significant growth&#8217; across the student finance sector. The company speculates a 35% compound annual growth rate of disbursements of funds for student loans.<\/p>\n\n\n\n<p>GradRight&#8217;s co-founder Sasidhar Sista points out the narrow terms of financial products for students relating to their graduate earnings.\u00a0He says, \u201c There is literally a lack of innovation in financial products for students. The different programs have different kinds of outcomes in their careers\u201d. Other than Leverage edu the other competitors in the Indian market include KC Overseas and UniAcco.<\/p>\n\n\n\n<p>Finally, to read more such<a href=\"https:\/\/fly.finance\/blog\/news-updates\/\"> <strong>exciting news updates<\/strong><\/a>, make sure you contact<a href=\"https:\/\/leverageedu.com\/\"> <strong>Leverage Edu.<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Goldman Sachs has partnered with MPOWER Financing to provide loans for international students studying in the US and Canada. The partnership is part of Goldman Sachs&#8217; growing investment portfolio in education products. MPOWER Financing has already secured $500m (4,001 Crore) in investments from various investors, including ETS Strategic Capital. Venture capital investment in fintech and &#8230; <a title=\"Study Abroad: Goldman Sachs Partners with MPOWER Financing for Education Loans\" class=\"read-more\" href=\"https:\/\/fly.finance\/blog\/news-updates\/study-abroad-goldman-sachs-partners-with-mpower-financing-for-education-loans-news-2023-05\/\" aria-label=\"Read more about Study Abroad: Goldman Sachs Partners with MPOWER Financing for Education Loans\">Read more<\/a><\/p>\n","protected":false},"author":5,"featured_media":3889,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[260],"tags":[],"class_list":["post-3887","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Study Abroad: Goldman Sachs Partners with MPOWER 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