In this final installment in our state of p2p lending series we are looking at student loans. The idea of applying peer to peer lending to student loans has only been around a couple of years. But in that time there has been some dramatic changes. The two leaders in this niche, Fynanz and GreenNote have completely shifted their focus and have exited the space as far as investors are concerned. But there is one new comer, People Capital, that gives us some hope that p2p lending can work for student loans.
People Capital (http://www.people2capital.com/)
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 their online p2p platform in the summer of this year for the 2010-11 academic year. [Read more…]