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October 7, 2011 09:53 am GMT
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/UjPblgb9efw/
Binksty Wants To Give Students A One-Stop Shop To Manage And Pay Off Their College Loans (Invites)
I don't want to be hyperbolic or hysterical (even though I'd like to be), but the student loan situation in this country is awful. The number of students who default on their student loans continues to increase, and has doubled in the last six years. More than two-thirds of students graduating from colleges and universities borrow money -- with an average of more than $23,000 of debt. (And one-in-ten graduate with more than $40K in debt.) There's really no doubt that a new focus on the costs of education and the growing burden of student debt (and loan default) is long overdue. This is the thinking employed by Brendon McQueen, who is today launching in private beta a web platform called Binksty that aims to give students a comprehensive one-stop shop to manage loans, pay off debt, as well as educate them on the best ways to save money.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/UjPblgb9efw/
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