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LendEDU
LendEDU (pronounced Lend-E-D-U) is an online marketplace for a variety of financial products, including student loans, personal loans, and credit cards. It has been compared to Lendingtree.com, but for student lending. In 2018, LendEDU encountered controversy when it was revealed to be the undisclosed owner of "Student Loan Report", and its CEO was accused of "deceiving news organizations with a fake source".
Nate Matherson and Matt Lenhard, University of Delaware students, attended the Iowa Startup Accelerator in summer 2014 with the idea for an online tutor-booking platform they called ShopTutors. The original idea was dismissed, and LendEDU, an online marketplace for student loans and student loan financing, became their focus; as someone with nearly $50,000 in student loan debt, Matherson was looking to refinance his student loans and realized the potential business idea that would eventually become LendEDU. Through the program, LendEDU earned $50,000 in funding from Built by Iowa. Additionally, LendEDU received a $5,000 grant from the University of Delaware's VentureOn program which focuses on the development of small businesses.
In 2015, the company raised a total of $120,000 in funding from the Horn Program Venture Development Center and Y Combinator.
LendEDU later moved its headquarters to Hoboken, New Jersey.
As of November 2020, LendEDU continues to operate out of Hoboken, New Jersey and the basic functionality of the site has remain largely unchanged since the company's inception. In addition to working in the student loan space, LendEDU now also has expanded to other financial verticals including mortgages, personal loans, credit cards, and insurance.
The LendEDU platform provides information about student loans, mortgages, personal loans, and various insurance products.
The LendEDU platform enables consumers to compare lenders, rates, terms, and qualification requirements for financial products specific to the consumer's financial situation. For example, a borrower looking to refinance their student loans could compare lenders, rates, terms, and qualification requirements to find a student loan refinancing option that fits his or her specific situation.
LendEDU's site also features a number of calculators that the site maintains will help consumers "compare repayment options, payoff strategies, refinancing savings, tax deductions, and more."
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LendEDU AI simulator
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LendEDU
LendEDU (pronounced Lend-E-D-U) is an online marketplace for a variety of financial products, including student loans, personal loans, and credit cards. It has been compared to Lendingtree.com, but for student lending. In 2018, LendEDU encountered controversy when it was revealed to be the undisclosed owner of "Student Loan Report", and its CEO was accused of "deceiving news organizations with a fake source".
Nate Matherson and Matt Lenhard, University of Delaware students, attended the Iowa Startup Accelerator in summer 2014 with the idea for an online tutor-booking platform they called ShopTutors. The original idea was dismissed, and LendEDU, an online marketplace for student loans and student loan financing, became their focus; as someone with nearly $50,000 in student loan debt, Matherson was looking to refinance his student loans and realized the potential business idea that would eventually become LendEDU. Through the program, LendEDU earned $50,000 in funding from Built by Iowa. Additionally, LendEDU received a $5,000 grant from the University of Delaware's VentureOn program which focuses on the development of small businesses.
In 2015, the company raised a total of $120,000 in funding from the Horn Program Venture Development Center and Y Combinator.
LendEDU later moved its headquarters to Hoboken, New Jersey.
As of November 2020, LendEDU continues to operate out of Hoboken, New Jersey and the basic functionality of the site has remain largely unchanged since the company's inception. In addition to working in the student loan space, LendEDU now also has expanded to other financial verticals including mortgages, personal loans, credit cards, and insurance.
The LendEDU platform provides information about student loans, mortgages, personal loans, and various insurance products.
The LendEDU platform enables consumers to compare lenders, rates, terms, and qualification requirements for financial products specific to the consumer's financial situation. For example, a borrower looking to refinance their student loans could compare lenders, rates, terms, and qualification requirements to find a student loan refinancing option that fits his or her specific situation.
LendEDU's site also features a number of calculators that the site maintains will help consumers "compare repayment options, payoff strategies, refinancing savings, tax deductions, and more."