Your Web News in One Place

Help Webnuz

Referal links:

Sign up for GreenGeeks web hosting
February 27, 2013 06:36 pm GMT

Six Weeks From Launch, Mint For Student Loans Contender Tuition.io Hits $250M Under Management, Lands $1M In Seed

Screen shot 2013-02-27 at 4.21.51 AMCurrently, outstanding national student loan debt is over $1 trillion, $864 billion of which is backed by ye olde federal government. According to the Center for American Progress, the majority of those loans have an interest rate higher than six percent -- generally speaking, twice the average mortgage rate and is thrice the rate at which the government borrows. In the American education system, student debt is the 8,000-pound elephant in the room.

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/fxl5OcVSMHs/

Share this article:    Share on Facebook
View Full Article

Techcrunch

TechCrunch is a leading technology blog, dedicated to obsessively profiling startups, reviewing new Internet products, and breaking tech news.

More About this Source Visit Techcrunch