Last week, we proudly released the world’s only interest free credit app. After months of intense engineering, we finally shipped our product. It’s an amazing experience for me and my entire team. Our friends at LendIt Conference and CrowdfundInsider has both covered our story. For that we thank then. You can take a look at these news pieces here and here.
Compounding interest is the single biggest factor on how students get into mountains of credit card debt. The credit card companies wants you to pay the minimum payment so they can keep on charge you interest on top of interest. Get educated on compounding interest here:
There is another number that could be as important as your GPA, that is a credit score. Often, we hear from our students that they found out about not having credit after graduation. When they are apply at SOFI, Common Bond for a student refinance loan, or getting their first new car at Ford or Toyota, they are all of the sudden comforted with the harsh reality of not having any credit.