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In 2016, MPOWER opened an India office, in Bangalore. [9] In July 2017, Mpower Financing's services became available in all 50 states due to a partnership between the company and Bank of Lake Mills. [10] In August 2017, Mpower Financing announced a $100 million debt round in order to offer more student loans. [10]
In 2016 [4] Government of India launched National Scholarship portal. and in 2018, the Indian government launched the National Scholarship Portal mobile app to allow poor and rural students to access the portal. [5] [6] It was developed by the Ministry of Minority Affairs. [7] The full web-based portal launched in 2020. [1]
The company was founded in July 2007 as Fullerton India Credit Co. Ltd. In December 2021, SMFG, a Japanese financial holding company that owns Sumitomo Mitsui Banking Corporation and SMBC Trust Bank, purchased a 74.9% stake in Fullerton India, while the remaining 25.1% stake was held by Fullerton Financial Holdings, a Singaporean investment company owned by the Government of Singapore.
Students or other award holders are the beneficiaries of this scheme. Student can view, access and share their digital academic awards with other Academic Institution or potential employers at any time. Allow students to download/print an authenticated copy of the academic award. No risk of losing or spoiling of Academic awards.
Student loans cannot be discharged in a bankruptcy proceeding unless the debtor can demonstrate "undue hardship." [45] After the passage of the bankruptcy reform bill of 2005, even private student loans are not discharged during bankruptcy. This provided a credit risk free loan for the lender, averaging 7 percent a year.
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Navient Corporation is an American student loan servicer based in Wilmington, Delaware.Managing nearly $300 billion in student loans for more than 12 million debtors, the company was formed in 2014 by the split of Sallie Mae into two distinct entities: Sallie Mae Bank and Navient.
Satin Creditcare Network Limited is a non-banking finance company (), licensed by the Reserve Bank of India.It was founded in 1990 by Mr. H P Singh. [1] The company's offers financial requirements for excluded households at the bottom of the pyramid.