A.M. Money, A Student Loan Provider Based In Chicago, Has Announced An Agreement With The Robert R. McCormick Foundation To Establish A $1 Million Loan Loss Reserve In Support Of High-Performing, Low-Income College Students Who Have Not Had Access To Traditional Student Loans. The Reserve Is Made Possible In Part By Support From The Chicago Community Trust. The Reserve Will Allow A.M. Money To Continue Growing Its Affordable Loan Portfolio For This Historically Underserved Group, While Making It More Attractive For Outside Investors To Invest In A.M. Money’s Expansion With Reduced Risk.
The McCormick Foundation, with Support from The Chicago Community Trust, Awards $1 Million Loan Loss Reserve to A.M. Money
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