If you or a child are still paying off student loans (my condolences), I strongly encourage you to sign up for this helpful, new free website and mobile tool, which can save money and aggravation. By the way, did you catch the pun in the site’s name? Say it out loud without the “dot.”
Co-founder and CEO Brendon McQueen came up with the idea after trying to keep track of his 12 — count ‘em — student loans from Columbia University (total student loan debt for the former film major: over $120,000). As with mortgages, these loans are often resold and packaged, which can cause confusion for the nation’s 37 million student-loan borrowers.
“Figuring out exactly who I owed and how much was incredibly hard and time consuming,” McQueen told me. His site’s co-founder, Steve Pomerantz, added: “We thought, this is stupid. There should be a simple yet elegant and sophisticated solution. So that’s what we created.”
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