Popular saving and investing app Acorns has acquired Pillar, an AI-powered startup built to help manage student loan debt, in its second acquisition of 2021. New York-based Pillar helps consumers opti
Frank, a New York-based student-facing startup, has raised $5 million in what the company described as an “interim strategic round” that Chegg, a public edtech company, took part in. Accor
Student loan debt in the U.S. totals $1.5 trillion, and more than 44 million Americans have outstanding student loan debt. According to research by Villanova law professor Jason Iuliano, a million stu
It’s generally agreed that higher education in the United States has gradually become more and more unaffordable. Students are dependent on external financial resources for which many of them do not
Soaring college tuition prices have left Americans drowning in debt without a correspondingly enhanced set of professional skills to show for it. In the past 11 years, US student debt has increased by
The FTC announced this morning it has approved the final consent order with online student loan refinancer SoFi, which resolves the allegations around SoFi’s deceptive advertising practices. Las
Back in 2014, Tuition.io was pitching itself as a management platform for student loan repayments. Now, three years later the company has raised $7 million in new financing as it moves from loan manag
The U.S. is facing a crisis in higher education. Once the ticket to the middle class life at the center of the fabled "American Dream", the college and university experience is now under attack from a
I’m going to start by saying I’m actually a huge fan of SoFi. I think they have a great product, they’ve built an incredible business and their growth in a regulated and complex industry is i
When 21-year-old college students Nate Matherson and Matt Lenhard started their first business for tutors, they didn't really know that they would soon embark on a journey to help solve the $1.2 trill
Student lending service Social Finance is close to securing a new round of as much as $75 million, according to two investors familiar with the company's plans.
The San Francisco-based company is o
LendKey, a cloud-based lending technology company, has raised $12.5 million in Series B funding. Led by Updata Partners and TTV Capital and joined by existing investor Draper Fisher Jurvetson and Goth