Using Microfinance to Close the College Funding Gap

“Today, the cost of college is skyrocketing,” Akash Agarwal tells me. “It is growing faster than inflation and faster than the median income. Federal student aid is shrinking. This leads to a college funding gap for many students.”
Agarwal is the CEO of GreenNote, a new college loan provider (launching next month) that aims at using microfinance to close that college funding gap. “Up until now, students had to turn to expensive private loans to meet their needs,” he says.
The idea is that everyone has a social network. Students can take advantage of that by asking friends and relatives (and even …read more