fintechFIVE: Study Loans

Elizabeth Barry 5 April 2018 NEWS

fintech study loans

Brett Shanley

CEO and founder

In two sentences or less, describe your product or service.

Study Loans is Australia’s first dedicated private student loan company. The fintech allows students to take control of their education, working directly with course providers and operating under a competency-based pay-as-you-go funding method. Study Loans acts as a supplement or complete alternative to government funding, using historical educational data sets to predict behaviour when assessing credit applications.

What has been the company's biggest milestone to date?

Study Loans launched less than six months ago, at the end of September 2017, and we are working with over 50 educational institutions and funding over 300 different courses and in the process of finalising $50 million debt facility. By June 2018, we’re looking to expand that number to over 200 education providers and 1000 courses, providing students with greater options and access to funding for their education.

What’s your most useful advice for having a productive day?

Productivity, and overall work success, can only be achieved through continued effort and balance. You can’t build an empire or tick off all your goals in a day, but tackling little tasks every day will eventually get you to where you want to be. Every day, I start by making a list of action items. I always make sure I stop for a lunch break, to avoid burning out, and then I progressively work through each item on my list.

Where do you see the company in 12 months?

In twelve months time, Study Loans should have a loan book size of $50m, working with over 200 education providers and funding over 1,000 different courses. This means we’ll be able to help more students across Australia gain access to funds and reach their professional goals. By this time, the business will also have closed its Series A raise.

Which book has had the most influence on your professional mindset?

The Business Model Canvas has been the most influential book I’ve read professionally to date.

It’s been a valuable source for me and discusses the methodology around how to form an innovative new business model. It’s an excellent read for anyone interested in business and provides key case studies showcasing how it’s been successfully applied.


The fintechFIVE is a series of five questions intended to shed light on innovative companies from Australia and around the world. Every Thursday we ask the same five questions to a representative from a different fintech company – check out the most recent fintechFIVEs here.

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