Student loan debt is rapidly on the rise. The average college student of the Class of 2016 owed $37,172 upon graduation. Today, over 44 million American borrowers owe $1.3 trillion in student loan debt.
To combat the student loan crisis one dollar at a time, Stacie Whisonant founded Pay Your Tuition (PYT) Funds in 2013. By bringing together banks, the community, and families, PYT is able to change the way students finance their future. PYT is like Kickstarter for student loans. Borrowers apply for PYT Funding, create a fundraising campaign, and secure a PYT loan to split the difference. Check out PYT Funds to discover how they are embracing FinTech find a smarter to pay for college tuition.
And want to learn about other startups disrupting the financial services industry? Discover more @ FinTech Nation.