These Startups Want To Help Students Better Manage Their School Debt

These Startups Want To Help Students Better Manage Their School Debt

The Federal Reserve estimates $1.7 trillion in U.S. student loan debt. Students, on average, graduate with $29,000 of private and federal loan debt and default on their loans at a rate of 15 percent. Startups in this space are developing technology to target both private and federal loan debt in areas, such as responsible lending, loan management and refinancing, as well as make it easier for employers to create benefits that aid employees with their loan repayments. Two years before Goodly, fintech FutureFuel.io was founded to enable employers and financial institutions to deploy digital tools aimed at eliminating student debt. It raised $10 million in Series A funding in early March, led by UBS. Read more >>

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