Fintechs clamor to give student loan borrowers relief options –

It also wants to help those that qualify apply for an income-driven repayment (IDR) plan or Public Service Loan Forgiveness (PSLF) through its partnership with Summer — for no charge. This is all putting a ton of stress on people.” Even if the forbearance is extended, Credit Karma’s take is that its new program can still help its members and just gives them more time to get potential relief or payment plans in place. He grew up and went to high school in a small Texas town and his mission with the startup is to help people in the U.S. better manage their student debt, and “chip away” at it faster. In anticipation of the moratorium lift, Chipper told TechCrunch exclusively that it has raised $5.6 million in seed funding so that it can “help even more people…tackle student loan debt in one simple app.” The money will mostly go toward “team growth, marketing and product expansions,” it said. The student loan debt problem is a huge one in this country, and I’m sure we’ll only see more fintechs in time come up with potential solutions to help solve it.