LoanBuddy Now Manages $150 Million of Client Student Debt

Jul 12, 2019 12:00:00 AM

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.

The student debt conversation is now becoming the initial conversation you or your advisors might have with a client.

Our software debuted last year and we have been helping many advisors enter this area of planning with our educational video content. And LoanBuddy has already helped more than 400 Advisors with over $150 Million in client student debt. This is a small fraction of the overall outstanding student loan debt and we are eager to help more people gain a clearer picture of their student loan lifecycle with LoanBuddy.

LoanBuddy is useful for Advisors who work with graduates of any amounts of student debt and our tools are especially applicable to Advisors who work with HENRYs. This vertical is where most new advisors are aspiring to grow into and LoanBuddy helps generate those leads and conversations. LoanBuddy is also helpful to those clients that are enrolling in Public Service Loan Forgiveness, most commonly known as PSLF, manage that complicated process.

To try LoanBuddy for free use code: 1MonthTrial

We are proud to be helping so many Advisors and inside LoanBuddy you can run an unlimited amount of clients for a monthly subscription of $60.

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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.