{"id":3908,"date":"2023-05-15T13:07:18","date_gmt":"2023-05-15T07:37:18","guid":{"rendered":"https:\/\/fly.finance\/blog\/?p=3908"},"modified":"2023-05-15T13:10:04","modified_gmt":"2023-05-15T07:40:04","slug":"study-abroad-venture-capital-gets-behind-international-education-loans-news-2023-05","status":"publish","type":"post","link":"https:\/\/fly.finance\/blog\/news-updates\/study-abroad-venture-capital-gets-behind-international-education-loans-news-2023-05\/","title":{"rendered":"Study Abroad: Venture Capital Gets Behind International Education Loans"},"content":{"rendered":"\n<p>Goldman Sachs and MPOWER financing established a USD 150 million financing facility to provide globally secure education loans. This collaboration is part of Goldman Sach\u2019s education products. Other collaboration includes Goldman&#8217;s partnership with Prodigy Finance to provide<a href=\"https:\/\/fly.finance\/blog\/education-loan\/study-loan-for-abroad-procedure\/\"><strong> international student loans.<\/strong><\/a> Under this partnership, <a href=\"https:\/\/leverageedu.com\/blog\/prodigy-finance-education-loan\/\"><strong>Prodigy Finance<\/strong><\/a> raised over USD 2.1 billion in seven rounds of investment.&nbsp;<\/p>\n\n\n\n<p>Goldman Sachs and MPOWER financing aim to raise USD 500 million to build the <a href=\"https:\/\/leverageedu.com\/blog\/types-of-education-loan\/\"><strong>education loan portfolio<\/strong><\/a>. One of the leading investors in this portfolio is ETS Strategic Capital. ETS Strategic Capital is the investment and corporate development wing of ETS, a research-driven enterprise. ETS deals in educational assessment and research.&nbsp;<\/p>\n\n\n\n<p>This new facility comes against the increasing demand for secure student loans from international students. As students from developing countries like India, Indonesia, and Nigeria demand extra financial assistance, numerous venture capitalists are investing in fintech companies and lending funds to the education sector.&nbsp;<\/p>\n\n\n\n<p>Basically, the increasing demand for <a href=\"https:\/\/fly.finance\/blog\/education-loan\/things-to-know-before-applying-for-a-study-abroad-education-loan-for-your-child\/\"><strong>study abroad education loans<\/strong><\/a> led to the Goldman Sachs-MPOWER partnership. <\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"480\" src=\"https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2023\/05\/15123616\/image-8.png\" alt=\"Study Abroad: Venture Capital Gets Behind International Education Loans\" class=\"wp-image-3909\" srcset=\"https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2023\/05\/15123616\/image-8.png 1000w, https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2023\/05\/15123616\/image-8-300x144.png 300w, https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2023\/05\/15123616\/image-8-768x369.png 768w, https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2023\/05\/15123616\/image-8-150x72.png 150w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/figure>\n\n\n\n<p>Credit: Fintech Finance News<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-venture-capital-and-overseas-education-loan\"><span id=\"venture-capital-and-overseas-education-loan\">Venture Capital and Overseas Education Loan<\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>4 out of 5 Indian students require extra funds to pay tuition fees and other expenditures.<\/li>\n\n\n\n<li>The increasing number of students in English-speaking countries pushes venture capitalists to invest in the education sector.<\/li>\n\n\n\n<li>GradRight states that USD 1 billion education loan is offered to Indian study-abroad students each year. <a href=\"https:\/\/leverageedu.com\/blog\/icici-education-loan\/\"><strong>ICICI Bank <\/strong><\/a>and IDFC First Bank back this private financial organisation in India. This entity offers hefty loans to study-abroad Indian students.<\/li>\n\n\n\n<li>Prodigy Finance states that in 2022 98% of student loan applications came from Indian students.&nbsp;<\/li>\n\n\n\n<li><a href=\"https:\/\/fly.finance\/\"><strong>Fly Finance<\/strong><\/a>, the financial wing of <a href=\"https:\/\/leverageedu.com\/\"><strong>Leverage Edu <\/strong><\/a>works in collaboration with <a href=\"https:\/\/leverageedu.com\/blog\/canara-bank-education-loan\/\" rel=\"nofollow\"><strong>Canara Bank<\/strong><\/a>, State Bank of India, Allahabad Bank, and<a href=\"https:\/\/leverageedu.com\/blog\/incred-education-loan\/\"><strong> InCred <\/strong><\/a>to provide education loans to Indian students.<\/li>\n\n\n\n<li>In 2020, ELAN Loans received investment from KC Overseas.&nbsp;<\/li>\n<\/ul>\n\n\n\n<p>To keep up with the latest developments in study abroad financial services news, follow us on <a href=\"https:\/\/fly.finance\/blog\/news-updates\/\"><strong>Fly Finance News<\/strong><\/a>!!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Goldman Sachs partnered with MPOWER to institutionalise a USD 150 million financing facility for study abroad education loans.<\/p>\n","protected":false},"author":5,"featured_media":3917,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[260],"tags":[],"class_list":["post-3908","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: Venture Capital Gets Behind International Education Loans I Fly Finance<\/title>\n<meta name=\"description\" content=\"Goldman Sachs partnered with MPOWER to institutionalise a USD 150 million financing facility for study abroad education loans.\" \/>\n<meta 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