The Carlyle Group announced a two part deal involving student loans. Carlyle bought $415 million in packaged student loans from Truist Bank and took an equity stake in student loan provider Monogram. The press release stated:
"Carlyle is excited to partner with Monogram to deliver attractive and competitive financing solutions to the private student loan market."
Monogram will partner with Carlyle to originate, acquire, and manage high-quality third-party private student loan assets.Parents of student loans borrowers should be comforted by Carlyle's breadth of corporate offerings. Carlyle might provide their college child student housing.
Once their child graduates from college they can begin working for a private equity owned company that constrains wages and offers reduced benefits. Someone has to pay for those increased interest expenses and it's usually employees.
Should their child become stressed trying to manage everyday bills and pay back their student loan, Carlyle has good news. Affiliate Acentra Health recently added EAP Consultants:
Acentra Health, a leading provider of clinical services and technology solutions to government healthcare agencies, announced today that it has acquired EAP Consultants, LLC (“Espyr”), a leader in workplace mental health and well-being programs.
The companies will provide EAP solutions and services that support government agencies and commercial organizations, serving employees, students, and their families. Services include clinical intake and support; work-life services, such as legal, financial, child and elder care support; critical incident debriefings; and counseling services available by appointment, on-demand, in-person, virtually, and by phone and text.Mental health concerns can manifest physically and Carlyle can help there as well.
The current market for third-party healthcare navigation and advocacy services is over $1 billion today and we believe that strong industry tailwinds support the prospect of robust multi-year growth of over 25% in the market, particularly given the $300 billion problem of unnecessary U.S. healthcare spending from uncoordinated, unnecessary, and avoidable care.It's clear Carlyle cares deeply about your student and wants to make money off them over their lifetime. So what if that results in stress, causes mental health issues, even physical problems...
Update: WSJ ran a story on nearly 60% of parents helping their adult kids financially. How much of that support goes to pay PEU affiliates, directly or indirectly?
