The statistics are frightening. Americans hold $1.3 trillion in student loan debt. This represents years and years of hefty loan payments for millions of citizens. High School students and college students, need assistance understanding the financial aid and student loan process so that they can make the best financial decisions for themselves.
There’s a startup company that wants to be a sort of financial-aid-counselor-in-the-pocket for students. It’s called NextGenVest, founded by Kelly Peeler. According to a NerdWallet analysis, in 2014 as much as $2.7 billion of free federal financial aid went unclaimed by students, mainly because of either a failure to file or incorrect completion of the Federal Application for Student Aid (FAFSA). This is free money that students didn’t receive. And what is more, in 2014 graduating college seniors carried $28,950 in student loans with them when they left school (the Institute for College Access and Success report).
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