Study Loans scores $50 million debt facility
Study Loans scores $50 million debt facility Share Boutique fund manager Alceon is behind a new $50 million debt facility for Simonds family office-backed learning fintech Study Loans. The new debt funding was coupled with a $6 million equity raise, in which the Simonds family doubled down on their earlier investment. Study Loans is providing funding options to students ineligible for government support. Karl Hilzinger The company, which was founded by Brett Shanley, Mark McCoach, and Rhett Simonds, helps students pay for their education, with a particular focus on the vocational education ...