Tag: biden student loan pause

This unfreezing of the student loan pause is becoming an increasingly difficult task to overcome – regardless of who’s involved – borrowers, lenders, lawmakers, and President Biden alike. The US Department of Education has agreed to renew 43 million student loan contracts with all previous lenders who held those accounts, but unfortunately, things aren’t as…

The student loan debt crisis has reached its peak in the United States. The Federal Reserve estimates that borrowers owed a whopping $1.7 trillion in the second quarter of 2021, a 3% increase from the second quarter of 2020.  Three percent may seem small, but that’s a big chunk of change when you’re dealing in…

Today, we’re thrilled to announce that we’ve closed $11M in new funding for Spinwheel, the read and write debt API infrastructure platform that makes it dead simple for companies to embed consumer debt solutions in their apps and services. – by Tomas and Tushar     We came to this work after seeing firsthand the…