What if your $50,000 student loan debts are waived-off, federal loan repayment suspended until December 2021, or student loans become eligible to be dischargeable in bankruptcy? Beyond the ‘what ifs,’ in this article, we look at the student loan problems they are trying to solve and see the market ‘as is’ in terms of challenges, opportunities, and interesting FinTech names in the segment.
The US student debt stands at over $ 1.6 trillion, second only to mortgages but more than credit card loans and auto loans. However, student loans are a special kind: firstly, there is very little—if any—credit check involved, especially on loans offered by the federal government. |
