Saving Money For College
Tuesday, December 2nd, 2008When you’re strapped on cash and heading to college, just hit up your pals for the extra dough. Sound like a crazy concept?
Enter GreenNote, a freshly launched startup company that offers college-bound students some friendly financing.
If federal loans or scholarships still aren’t enough to fill your tuition gap, there’s a way to make up the difference. GreenNote is innovating and alleviating the strained student loan market by proving you access to a social network of supportive lenders. These private contributors might include your family, friends or complete strangers but they all have one thing in common—they want to invest in your college education.
GreenNote’s P2P (peer-to-peer) loans come with a fixed 6.8% interest rate (similar to a Stafford loan) and payments can be deferred for up to 5 years after college. Students then have 10 years to pay back their loan. Perhaps best of all, no co-signers are required and GreenNote is even available for non-U.S. citizens.
You don’t have to worry about following up with individuals on your own, since all payment is tracked and managed by GreenNote.
Hey, in tough times, it’s great to have friends to lean on!
P.S.- Want to calculate exactly how much college is going to cost you? CampusCompare’s Financial Aid Calculator does the math instantly so you can plan your payment strategy!
