Through this program with MassMutual, more people will now be able to take control of their finances. We understand that student loans prevent many people from taking the next step towards achieving their financial goals. Our work with MassMutual is about financial empowerment – giving people a way to make smart financial decisions through a simple, transparent, and affordable experience to pay off their higher education.
I wouldn’t be surprised if M&A (merger and acquisition) activity continued in the broader fintech space, independent of student loans.
There are stats that the workforce is now over a third millennials. Over 70% of millennials have student loan debt. Over 50% are thinking about student loans are thinking about them more than retirement and about 80% of them would choose a company to work for if they had this benefit.