Maurice M. Salter
Maurice M. Salter received his doctorate in higher education from University of California, Los Angeles (UCLA). His areas of research and interest included the job market for doctoral degree recipients, the characteristics of college environments, how students choose colleges and how they finance their higher education. He received his undergraduate degree in English from UCLA and his master's in English from California State University, Los Angeles.
Dr. Salter founded Maurice M. Salter and Associates, which specialized in college advising for undergraduate, graduate, and professional school admission and financial aid. Over the ensuing 15 years, Maurice M. Salter and Associates became the largest and most comprehensive college counseling company nationwide. The company was acquired in 1990.
Dr. Salter was a co-founder of the XAP Company. XAP developed the first electronic college application in the late 1980's. These applications, on diskette, became an overnight success. XAP led in the transition from paper to online applications. XAP was acquired in 1997 by a banking group. Today, almost every college applicant completes an online application.
In 1997, Dr. Salter founded the School Loans Corporation (SLC), Inc. He served as the company's chief executive officer (CEO) and president from 1997 to 2009. SLC generated approximately $2 billion annually in federal consolidation and private student loans on behalf of itself and major lenders nationwide, including Bank of America.
In 2009, Dr. Salter founded Aladdin Two LLC dba LoanAmerica®. Dr. Salter serves as LoanAmerica's president and CEO. LoanAmerica works with lenders, postsecondary institutions, associations, investors, foundations and organizations to develop innovative educational finance opportunities. LoanAmerica manages rehabilitated and Federal Family Education Loan Program non-rehab federal student loan and private student loan portfolio sales/purchases, and is a leader in this marketplace, generating approximately $2.5 billion in sales/purchases since 2009.
In 2010, Dr. Salter and Mr. Ucer founded Westwood Group LLC with the goal of providing consumer financing and payment solutions to address a changing consumer finance marketplace. Westwood Group was established to provide new models that address merchant and consumer needs while optimizing returns on financing. MotoLease, which is Westwood Group's consumer Powersport program, has grown to become the nation's largest Powersport leasing program.
Dr. Salter has served as the chair of the UCLA Foundation from 2011-2013 and remains as a board member. He has also served as the Foundation Chair of the Finance Committee and chairs its Audit Committee. As chair, Dr. Salter established the UCLA Investment Company to manage the University's $1.6 billion endowment. Dr. Salter also is an ECMC Group Board Member. He chairs ECMC's Finance Committee and is a member of ECMC's Audit and Investment Committees.