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Future Finance plans European expansion; more non-bank student loan providers anticipated.
Future Finance, great britain and Germany’s only established non-bank education loan originator, received another stamps in March whenever it raised €150 million from investors including QED and Blackstone to augment its credit center with Goldman Sachs. Future Finance, arranged by US-born Brian Norton, is trying to fill the space within the European education loan market by going where banking institutions will maybe not. The company were only available in the united kingdom in 2014 and problems loans of ?2,500 to ?40,000 to pupils to aid spend tuition and residing costs.