LendKey Partners with Invite Education to Offer Financial Literacy and College Planning Tools for Clients and Customers

NEW YORK, Nov. 13, 2017 /PRNewswire/ -- LendKey, the leading lending-as-a-service solution for banks and credit unions, today announced a partnership with Invite Education to bring industry-leading college planning tools to its lending clients and subsequent customers.

Invite Education provides families with content and tools to actively manage the college planning process from birth to graduation. Their software solutions help families with a one-stop shopping experience for higher-education financial planning, navigating school selection, and discovering potential scholarships. By partnering with Invite Education, LendKey's clients and customers will receive complimentary access to premium content and services, including financial aid calculators, college planning webinars, scholarship search, and more.

"Paying for college is often a stressful and daunting challenge for families," said John Hupalo, CEO and Founder of Invite Education. "It is a jargon filled, unfamiliar process and many families do not fully understand how to navigate it.  We're excited to work with LendKey and provide their customers with access to our easy to use financial literacy tools to help people make better decisions when it comes to planning and paying for higher education."

College costs continue to rise and increased by nearly 1200% from 1978 to 2010.  The sharp staggering increase creates financial hurdles for families that aren't prepared and don't start the planning process as early as possible.

"Our lending clients provide financial services to nearly 15 million consumers nationwide," said Vince Passione, CEO and founder of LendKey. "Given the cost of college education, it is never too early to start planning and saving.  The combination of Invite Education's content and planning tools and our lending client's education financing solutions ensures that families have the chance to avoid mistakes and be successful in the college planning process."

About LendKey
LendKey pioneered the lending-as-a-service model by creating white-labeled lending solutions that transform financial institutions into profitable digital lending businesses. LendKey's customized solutions help financial institutions attract new business, grow relationships, manage liquidity, and mitigate risk. The company manages the entire lending process, which includes demand generation, online decisioning, loan origination, customer service and balance sheet management. Founded in 2009 and based in New York and Cincinnati, LendKey works with hundreds of credit unions and banks and has deployed more than $1.7 billion in capital to date. For more information, please visit business.lendkey.com.

About Invite Education
Founded in 2012, Invite Education demystifies the process of planning and paying for college by providing a comprehensive suite of information, tools and services for families. Offering an online custom College Planning Center, a weekly podcast called My College Corner, a blog and a book, they partner with organizations to provide this valuable information to their employees, members and customers.

SOURCE LendKey