5 Reasons to white label a student loan program

Are you a bank, lender, or credit union looking to capitalize on the lucrative student loan market without the hassle of managing your own loan program? Perhaps it’s time to consider a white label student loan referral solution – a game-changer for financial institutions seeking a seamless, revenue-generating approach. Here are five compelling reasons why you should consider this innovative solution:

1. Saves Time and Money- Launching a student loan program from scratch can be time-consuming. Building the necessary infrastructure, developing loan products, and navigating compliance regulations require significant resources (assuming you don’t partner with Valet of course!).  By opting for a white label student loan referral solution, you bypass these extensive tasks and instead, tap into an existing, fully functional comparison tool. This turnkey approach saves you time and money while enabling you to capture lucrative, high lifetime value applicant information and relationships.

2. Expands Product Offering Quickly- Time is of the essence, especially in the competitive financial services industry. With a white-label solution, you can swiftly expand your product portfolio to include student loans without the need for extensive development and testing. This rapid deployment allows you to cater to the ever-growing demand for student financing, attracting a broader customer base and positioning yourself as a more comprehensive financial services provider.

3. Saves Balance Sheet While Generating Revenue- Directly funding student loans can strain your balance sheet and tie up valuable capital. The beauty of a white-label referral solution lies in the fact that you don’t have to bear the financial burden of funding the loans yourself. Instead, you connect students with reputable lenders, earning a commission for each successful referral. This revenue stream boosts your bottom line without jeopardizing financial stability.

4. Low Risk with High Brand Credibility- As a financial institution, maintaining your brand’s credibility is paramount. With a white-label student loan referral solution, you align yourself with top-tier partners known for their excellent service and competitive rates. Leveraging the credibility of these lending relationships helps build trust with your customers, ensuring a positive experience for both borrowers and your institution.

5. Lets You Focus on Core Services First- Launching and managing a lending program can be a consuming effort, diverting your attention from your core services. A white-label student loan referral solution grants you the freedom to concentrate on what you do best while still offering a vital service to your customers. Once your core services are firmly established, you can seamlessly transition into a full-fledged lending program when the time is right, armed with valuable market insights and a ready-made customer base.

Out of the 400+ student loan programs we have launched since 2005, all but one is still live and active today. So with that being said, you won’t find me debating AGAINST starting your own program because it’s clear they have long term lender value.  But if you aren’t ready to make the leap, the benefits of a white-label student loan referral solution are clear:  

It saves you time, money, and effort while diversifying your product offering while generating revenue. You mitigate risk and enhance your brand’s credibility. You stay focused on your core strengths while paving the way for your institution’s growth and success.

Ready to explore the world of white-label, fully branded student loan referrals? Get in touch with us today and unlock the potential of this game-changing solution for your financial institution.