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ReliaMax Hits $275 Million in Private Student Loans Under Service

Two years into business, ReliaMax now manages $275 million in private student loans.

By Jim DuPlessis | Updated on April 26, 2017

ReliaMax, an all-in-one service to allow financial institutions to offer private student loans, is now managing $275 million in accounts two years after offering its online service.

The Sioux Falls, S.D., company announced Tuesday that’s its portfolio had increased more than six-fold from about $40 million at the end of 2015. Most of the growth came after mid-2015 when the company began to support to support the transfer and conversion of private student loan portfolios onto the ReliaMax Lending Services platform.

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Jim DuPlessis

Jim DuPlessis

A journalist for decades.

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