Forty-three million Americans - that is, one in three American workers - struggle with student loan debt. Over the last decade, the average student loan balance has doubled to $38,000 per graduate. By 2023, outstanding student debt will be more than $2 trillion.
Los Angeles - August 2nd - The USC Rossier EdVentures programhas completed its first cohort, providing 16 ed-tech companies from around the globe with mentorship and other support. These student- and alumni-founded companies -- as well as companies from five countries -- mostly run by minorities and women, are developing products that enhance educational and financial opportunity.
You have likely seen the statistics by now as student loan debt is, unfortunately, the fastest growing form of debt in the United States, outpacing auto, credit and mortgage debt. Currently, there is more than $1.5 Trillion of existing federal student loans and it's predicted to grow to more the $2.0 Trillion by 2023.
Las Vegas — HR Cloud and LoanBuddy are joining forces to offer a robust solution to the student loan debt problem. Currently, there are 43 Million borrowers with more than $1.6 Trillion in federal student loans, that’s ⅓ of all workers in the USA. The companies have formed an alliance to offer a comprehensive student loan wellness app with a NO COST 1st YEAR SUBSCRIPTION to qualified employers who want to offer their employees the advantage of student loan benefits
Los Angeles — LoanBuddy announces a new integration with Credible, an online marketplace of lenders that enables borrowers to find competitive personalized loan offers from multiple vetted lenders in real time. Credible easily helps individuals in comparing student loan refi options from top lenders to find a loan that best fits their goals. Whether your goal is to save thousands in interest over the life of the loan or to lower your monthly payments by hundreds of dollars per month, Credible has options for you.
LoanBuddy empowers Certified Financial Planners with tools to generate reports that make the student loan planning portion of a client plan, simple. Our technology enables a CFP to save precious time during the initial client meetings and calculating student loan projections.
St. Louis — It brings us great pleasure to be writing this blog, as we release a powerful new version of LoanBuddy at XYPN Live a conference attended by over 700 Financial Planners. LoanBuddy was previously in the FinTech Competition in 2017 and now a year later has released its most comprehensive enhancement to date, led by a student loan repayment calculator.
When were first debuting LoanBuddy in beta we had a free trial that began on April 25th and it was way more popular than we anticipated. We were hoping for a few people to help us test out our software and confirm what we thought was a good idea for our roadmap.
We hope you have enjoyed early access to LoanBuddy! Now that you have had a chance to start utilizing LoanBuddy in beta, we want to extend a special invitation to officially make all of our free trial and new users to become Founding Members. As of today, there are over 100 LoanBuddies and we couldn’t be more excited!
Some days are bigger than others… and today was one of those days… you don’t just get a thrill like this very often, we are talking Star Wars level of fan boy here… so much so we are going to change our logo and marketing to remove the space between Loan and Buddy and just be LoanBuddybecause that’s they way Michael Kitces typed it…
We were so thrilled to have participated in the FinTech Competition at XYPN17 last year in Dallas. We wanted to thank and acknowledge XYPN for starting us off on a high note. And we are proud to announce that Loan Buddy, the student loan software for financial advisors, is now in Beta.
We are so thrilled to see so many people now using Loan Buddy! We are proud to say we have a couple dozen in our growing community. And we are very excited to have Loan Buddy begin the process of being implemented and helping your clients while saving your personal and precious time.