Recognized among the top few national firms in education finance, McGlinchey attorneys represent companies in all segments of the private education lending industry. We advise clients on how to develop, expand, and defend traditional and cutting-edge financing programs.
Our extensive experience with federal and state law supports national lenders and loan program administrators as they prepare and implement documentation and compliance systems for private student loan programs. Private student loan programs that we support include those designed for students attending conventional institutions of higher education as well as proprietary schools. Our lawyers also advise clients that offer institutional financing, income share agreements, certificate-issuing programs like coding camps, securitizations, and other business models.
We work hand-in-hand with our student loan clients to develop their:
- loan programs
- marketing materials
- credit applications
- promissory notes and retail installment contracts
- other required documentation to comply with state and federal law
We have significant experience advising clients regarding online and offline student loan marketing issues, including preferred lender lists; lead generator and loan broker regulation; and Unfair, Deceptive, or Abusive Acts or Practices (UDAAP) issues.
The clients we have counseled in connection with student loans include:
- national banks
- state-chartered banks
- credit union service organizations
- for-profit, non-bank financial companies
- state-sponsored nonprofit lenders and their for-profit affiliates
Our attorneys participate at the highest levels of the major industry trade groups, such as the Student Loan Serving Alliance, the National Council of Higher Education Loan Resources, and the Education Finance Council.