Earnest online student loan lender announced a brand new app to help students easily get their student loans.
Fintech unveiled a new slogan alongside the application; “Student loans that students love”.
Susan Ehrlich today unveiled the lenders app at Money2020, which takes place in Las Vegas.
After hundreds of interviews and thousands of hours of research, Earnest created this app designed to allow students to apply with transparency and confidence.
There are four main features of the new app.
- Quick eligibility check – Allows students to see what they qualify for before committing.
- 2- Player design – Allows students and co-signers to track each other’s progress and both parties know exactly where the loan application is going.
- Build your own loan – Help students make an informed borrowing decision. The post-graduation moment is a “shock”. Earnest’s new app shows students what school repayment could do for their student loans. Making payments as small as $ 20 could make a huge difference.
- The recovery route explained – What happens after graduation? Earnest introduces a full 9 month grace period over traditional 6 payments to ease the student’s ‘post graduation’ shock.
Timothy li is a main contributor for Crowdfund Insider. Li is the founder of Kuber, MaxDecisions, Alchemy and has over 15 years of experience in the Fintech industry. He is passionate about the evolution of the financial and banking landscape. Kuber launched Fluid, a credit creation product designed for college students who can borrow up to $ 500 interest free. Kuber’s 2nd product Mobilend is a real debt consolidation product, aimed at reducing the debt of all Americans. MaxDecisions provides financial institutions with the latest AI and machine learning algorithms and Alchemy is a state-of-the-art, white-label, end-to-end lending platform that powers some of the best FinTech companies. Li also teaches at the University of Southern California School of Engineering.