A group of community-minded start-ups hope to ease the burden of college tuition with the concept of crowdfunding. According to Federal Reserve Bank of New York, this debt has almost doubled since 2007 and is nearing $1 trillion. In fact, it’s already surpassed the mark of auto loan debt, which is somewhere in the neighborhood of $783 billion, and credit card debt, which stands at $679 billion. With almost 40 percent of student loan borrowers owing up to $10,000 and 30 percent more owing up to $25,000, these start-ups have their work cut out for them. Here are six hoping to lessen the burden:
Read more about it HERE.