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"Rusty's proven track record of establishing innovative conduit and term securitization structures for the student loan industry make him a perfect fit to lead Scott Balice's growing student loan business," said Lois A. Scott, president of Scott Balice.
Saylor has nearly two decades of experience in the student loan industry. During that time, Saylor led the Education Finance practice within Citigroup Global Markets. Prior to that he was co-head of structured finance at PNC Capital Markets, where he developed the first stand-alone Private Student Loan conduit financed warehousing structures. He also created the first Life-Settlement warehousing structures that featured Private Placement take-outs.
Since joining Scott Balice in June 2009, Saylor has used his expertise to add four state-level student loan clients and three auction rate security work-out assignments to Scott Balice. One of those clients has chosen to use the risk-sharing model to increase student loan accessibility to ensure that its student body has the financial resources available to pursue higher education.
Scott Balice Strategies' newly developed student loan model offers strategic and financial advisory services to assist institutions of higher education to provide adequate financial aid to students and parents who can not meet the stringent loan requirements in today's credit market. Through this new risk-sharing model, institutions of higher education receive tuition costs up-front from a third party provider and share the default risk on the interest portion of student loans.
"With the new risk-sharing model, higher education institutions, that do not have internal endowments, or access to limited national student loan providers, can assist students with their financing needs and help keep students in the classroom. It is a win-win scenario that many schools should consider," says Rusty.
About Scott Balice Strategies
Scott Balice Strategies, founded in 2003, is a woman-owned firm, formed to provide best in class financial advisory and strategy services to its clients. For the second quarter of 2009, the firm was ranked as the #1 FA in the Midwest. Comprised of some of the most experienced finance experts in the industry, the firm offers corporate and public finance expertise, derivative and swap market expertise, transportation finance and privatization transaction experience, long-range capital planning and quantitative analysis.
SOURCE Scott Balice Strategies
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