LoanBuddy 2019 Year in Review

Dec 30, 2019 3:49:47 PM

2019 was truly a remarkable year. All of us at LoanBuddy are proud to highlight some of our development achievements and community growth that have collectively been accomplished in order to better serve individuals with student debt.

As we complete 2019, LoanBuddy is approaching $300 Million of student loans in our platform and helping more and more advisors and graduates every day. This accelerating growth of users and loans on our platform demonstrates the indispensable role our technology plays in providing a more comprehensive understanding of the repayment options for federal student loan debt.

 

LoanBuddy Student Loan repyament planning software fintech

 

2019 Highlights:

Feb       LoanBuddy Integrates with Credible

Mar       LoanBuddy Passes $100 Million in Student Debt on Platform

April      LoanBuddy Courses Eligible for CFP Continuing Education Credit

May       LoanBuddy Community Growing in Private Facebook User Group Group

June     LoanBuddy Completes USC Rossier EdVentures Accelerator Program

Aug       Debut of Student Loan Assistance Product / DIY Tools for Graduates

Sept      LoanBuddy Launches Find An Advisor

Sept      LoanBuddy Releases New Dashboard for Advisors 

Sept      First Partner: The College Investor

Oct        LoanBuddy Integrates with Envestnet MoneyGuide

Oct        LoanBuddy Passes $200 Million in Student Debt on Platform

Nov       LoanBuddy Launches Enterprise Solution

Dec       LoanBuddy Integrates with Collegiate Funding Solutions

 

LoanBuddy for Advisors in Numbers

  • 500+ Financial Advisors 
  • Advisors helping more than 1,300 clients 
  • Totaling $200+ Million in student debt 
  • $64 Million in Public Service Loan Forgiveness (PSLF)
  • 96% Federal Student Loans
  • Average Loan Balance of $161,052

 

LoanBuddy Student Loan Assistance in Numbers

  • 4,000+ Graduates managing their own student debt with DIY Tools.
  • More than $74+ Million of student debt to date (launched in August)
  • Average Loan Balance of $75,309
  • Nearly 2x the national average of $38,000

 

Proud to be your Technology Vendor

As a nation the burden of more than $1.5 Trillion of student loans, held by 43 Million graduates, makes the impact of student debt ubiquitous. We are dedicated to building tools used to reduce borrowers exposure to student loans. 

We can’t thank our LoanBuddy for Advisors members enough for their continuing confidence in our team. We are building this innovative technology for you, and our team values your consistent feedback. Our members' high expectations for our product aligns with our internal goals, together, we can help many more graduates. 

Look for more innovative development and announcements coming in 2020. 

 

- The LoanBuddy Team

 

2019 was truly a remarkable year. All of us at LoanBuddy are proud to highlight some of our development achievements and community growth that have collectively been accomplished in order to better serve individuals with student debt.