Written by Jonathan O'Donnell. Last updated August 1st 2017
If you’re thinking about a private student loan to help fund the gap between scholarships, federal student loans and the total cost of your college education, you should shop around to find the right loan to fit your needs.
You should also research which lenders to look at, and how you can compare them in the fastest way possible.
If that’s the case, we suggest checking out Connext private student loans, powered by ReliaMax® a comprehensive new lending platform that could help change the way consumers shop for student loans.
The banks participating in the Connext program provide both variable and fixed interest rate loans, no origination fees and multiple repayment options to help you successfully repay your loan. What sets Connext apart is that a dedicated loan specialist is assigned to you, for the life of the loan, once your loan has been disbursed. You'll talk to the same person every time, who can help you with information and navigating financial decisions related to your loan.
How does Connext work? And how could it help you? Let us walk you through what you need to know.
Why Get A Student Loan Through Connext?
Connext Private Student Loans, Powered by ReliaMax, works with a network of banks, credit unions and alternative lenders that can get you quickly started on your NEXT step, undergraduate, graduate or refinance.
Connext was created with the goal of connecting students with community and regional banks and non-traditional lenders that care about the borrower and believe that when students are able to achieve their education goals, it benefits everyone in their community.
ReliaMax, the company behind the Connext platform, has a reputation for offering innovative lending solutions. ReliaMax is in the interesting position of being a tech-forward company, yet has deep roots in the student loan world that goes back more than two decades. ReliaMax has database of more than 20 years’ worth of data on student loan performance on over $3 billion loans.
ReliaMax is partially built on the foundation of a company called Hemar, which was a private insurer of student loans. When ReliaMax acquired Hemar in 2006, it gained more than 20 years’ worth of data on student loans.
That information provides ReliaMax and its lender network with a powerful perspective on what makes for a successful private student loan. This allows the banks, credit unions, and alternative lenders participating on the Connext platform to present loan packages that are designed to help borrowers successfully pay off their loans.