FinTech Investors Tackle Student Debt: FutureFuel Receives $11.2 Million in Financing
Multigenerational obligation holders with understudy obligation are on the ascent. There are presently 44 million individuals in the U.S. who have $1.5 trillion in understudy credits. This obligation impacts the individual who claims it, however the understudy advance issue likewise has a sweeping monetary effect. Guardians, youth, and even grandparents are battling with the ramifications of how to address this obligation. All the while, examine demonstrates that those with this obligation need to confront eight to 10 years of deferred home proprietorship just as a lack on 401(k) commitments. Notwithstanding the advanced educations and rewarding positions, those with understudy obligation still face a riches hole that many accept is near difficult to close. Rep. Scott Peters, Co-Sponsor of the Employer Participation in Repayment Act, who means to update the assessment code to encourage manager help with the reimbursement of understudy advances remarks, "When I was in schoo...