Key Takeaways
- Alt Lending specialises in refinancing distressed, delinquent and defaulted private US student loans.
- Mary-Jo Terry, COO of Alt Lending LLC, explains how the firm qualifies and finds borrowers.
- She discusses how Alt Lending is able to acquire loans at a significant discount.
- The interview covers how Alt Lending balances investor returns with responsibility to borrowers, and how its loans are serviced.
- Terry also addresses how the Alt Lending model can scale; Kingsbury & Partners has since completed a second $15M facility for the firm.
About the Understanding Alt Lending series
Understanding Alt Lending is where we speak to the leadership team and key stakeholders of Alt Lending, a specialist lender in US student loan refinancing. Recently Kingsbury & Partners and Alt Lending announced a partnership for a $15M private credit issuance to support the acquisition and servicing of a portfolio of distressed, delinquent and defaulted private US student loans.
Update (October 2026): Kingsbury & Partners has since completed a second USD 15M senior secured facility for Alt Lending, bringing total CLN issuance to Alt Lending to USD 30 million.
What we discuss with Mary-Jo Terry
Today we speak to Mary-Jo Terry, Chief Operating Officer at Alt Lending LLC, where we discuss:
- Mary-Jo's background and role at Alt Lending
- How Alt Lending qualifies and finds borrowers
- How Alt Lending can acquire these loans at such a discount
- How they ensure a balance between returns and responsibility
- How Alt Lending services the loans
- The scalability of Alt Lending
Alt Lending's website
- Alt Lending's website: https://altlendingllc.com/
Further reading on Alt Lending and student loans
For more about our partnership with Alt Lending, read Expanding Opportunities: Our Latest Partnership with Alt Lending. To see how the portfolio has performed, read our Q4 2025 investor report on Alt Lending. For background on the asset class, see understanding student loan asset-backed securities. Catch up on the series with Mark Brenner, CEO of Alt Lending and Giles Somerville of KG Investments.
Disclaimer: This video has been prepared for informational purposes only and does not constitute a solicitation, offer or recommendation to engage in financial services of any kind.
