As the global economy and credit markets shift, the peer lending industry is continuously changing. Discover how this is influencing our world.
Student Loan Industry
Student Lending Failing Grade
A recent article/study by Moody’s Analytics advises that the student lending industry managed to avoid many of the pitfalls that affected mortgages, auto loans and credit cards during the Great Recession. In fact, volume growth has been steady, if not accelerating, as more individuals sought additional education and training in response to the weak labor [...]
College Grads are Expected to return back home with parents
As many of you know, the economy still continues to experience tough times, unemployment remains high, and students/families are in the same boat trying to do more with less, while prices everywhere continue to dramatically climb! I just read an article in the NY Post that referenced a recent consulting firm poll advising that some [...]
State of P2P Lending in the USA – Part 3
People Capital was recently featured in an article in Sociallending.net. The article advises that there is really only one option these days for peer to peer investors wanting to participate in student loans: People Capital. They have successfully come through one student lending season and are looking to increase loans in the coming year. They launched [...]
To Eat or Pay Back Student Loans?
I was recently reading an article from the Chronicle of Education which was authored a few days ago. The article mentions how some friends sitting in a kitchen while they made dinner discussed that they had recently joined a food co-op, so they could buy more organic and local foods cheaply, while they recently decided to stop paying [...]
People Capital announces new solution for the student loan marketplace
Over the last 2 years, People Capital has made great strides in developing innovative and critical solutions for the student loan marketplace. This week, I am excited to update you on the developments of our relationship with Access to Money, Inc. (OTC Bulletin Board: AEMI) (“ATM”). They are a cash management company (with over 13,000 ATM’s) and [...]
Good News from the IRS about Your taxes
Under the American Recovery and Reinvestment Act of 2009, many college students and their parents will be able to use the American Opportunity Tax Credit to offset college costs from 2009 and 2010. This tax credit expands and renames the Hope Credit, which helps parents and students pay for post-secondary education, and can be claimed [...]
WSJ: Human Capital Score helps weigh the value of a college diploma
From the Wall Street Journal … As millions of students labor over college applications this month, they and their parents are pondering just how big a tuition bill they want to pay. For parents who want to refine the cost-to-income analysis, a new tool is available that predicts how much money a student is likely [...]
Registration open for student loans
We are excited to announce the private beta launch of the People Capital student loan platform. We invite you to use the link below to register on the site and start the process to obtain a private student loan for your education. During the beta launch period we will be waiving the registration fee for [...]
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