In the Press – Bankless Times – Darien Rowayton Bank offers in-school financing for MBA students

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The Chief Strategy Officer of Darien Rowayton Bank (DRB) said that now is the perfect time to introduce an in-school student loan financing program for MBA students that could save the average student $16,000.

Jenny Chou said the success of DRB’s student loan refinancing program enjoyed in its short history convinced DRB to expand into offering options for in-school borrowers.

In 2013, DRB launched an online consumer lending service, and in the two years since then, has originated $950 million in student loan refinancing for more than 9,000 professional degree holders across the United States.

On Aug. 3, DRB launched the in-school program.

“We thought borrowers could receive better service,” Ms. Chou explained.

The program begins with a pilot group of 17 schools whose graduates have excellent earning potential. Should it fare well, Ms. Chou said DRB will consider expansion to additional schools.

To read full article by Tony Zerucha, click here. 

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