Pillar Raises $5.5 Million To Help People Pay Off Student Loans

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In the second year, they receive up to $150 per month ($1,800 per year). And in the third year up until the loans are paid off, employees receive up to $200 per month for their student loans ($2,400 per year).

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$5.5 Million for Neighborly: Proof that Fintech is Now a Bubble. Neighborly, a municipal finance startup that just raised $5.5 million despite. They are struggling to pay off student loans.

Pillar, a New york city-based platform for people to manage, pay off, and save money on their student loans, launched with $5.5M in seed.

A new startup named Pillar, which aims to help students pay down loan debt, recently received $5.5 million in seed money from Kleiner Perkins, according to a report.

PAY DAY, PAY OFF: Pillar, a New York City-based startup that aims to help people manage their student loan debt payments, has raised $5.5.

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Pillar Raises $5.5 Million To Help People Pay Off Student Loans photo via pillar. There’s a new app on a mission to pay off debt that you are probably familiar with: student loans. U.S. borrowers owe a total of $1.5 trillion in student loans, making these loans the second-largest type of consumer debt in the country.

So, he dropped out of Stanford Business School just shortly after starting to found a consumer fintech company that aims to help people pay off their student debt more quickly. Today the company announced that it has raised $5.5 million in a sizeable seed round led by Kleiner Perkins.

Pillar is backed by Kleiner Perkins, Rainfall Ventures, Great Oaks VC, Financial Venture Studio and Day One Ventures.

Everybody’s situation is different. But here’s how to pay off $50,000 in student loans in seven different scenarios. $50,000 or less-you can afford payments. Focus on paying off quickly. For federal loans, the Standard Repayment Plan may be your best bet. With this plan, you pay a fixed amount for up to 10 years (30 years for.