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Achieve Lending Brings Competition and Transparency to Student Loan Industry

Achieve Lending Brings Competition and Transparency to Student Loan Industry

Achieve Lending is the first ever search engine for student loans. It lets students search, compare, and find the best student loans in less than 30 seconds, for free. By helping students discern between competitive interest rates, Achieve Lending has helped users save and borrow money on their terms, while helping them find an education loan that best fits their needs.

Education financing is an ever-growing market, worth billions of dollars each year. With so many potential borrowers, lenders are increasingly willing to pay large sums for vital connections to clients. Lenders pay Achieve Lending substantial referral fees, in certain instances nearly $2,000 per customer, in an effort to attract the right borrower, creating a highly profitable revenue model.

Achieve Lending is driven by the desire to tackle four key evolutions in education: The exponential growth in the cost of education; the ever-increasing student population; the cutback on government lending; and society’s championing of lifelong learning.

“Achieve Lending is going to help educate the world, while empowering people to make informed financial decisions along the way,” said the CEO and Founder, Allen Kors. “Essentially, if you’re looking to grow your knowledge or skills, Achieve Lending will help you find a way to pay for it.”

Kors says he got the idea for Achieve Lending while struggling to pay off his own debts – the result of uninformed decisions – after graduating from Cornell University. “After I graduated and began paying off my student debt, I realized just how uninformed my decision was. There were many other, better options, yet I failed to take the time to objectively compare with even one or two other offers. After witnessing many other students and friends make similarly uninformed decisions, I decided to build Achieve Lending,” Kors explained.

Having only recently launched its fully functional web application, Achieve Lending already enjoys a rapidly growing affiliate channel with over 1,900 partners and has signed deals with over 40 lenders (with more in the works).

Now the innovator behind the website is hoping to raise $500,000 through a new crowdfunding campaign to help spur growth. Potential investors are offered a Convertible Note at 8% interest with a 15% discount.

“We believe we can simplify the student loan process for borrowers, increase competition among lenders, and capitalize on the exploding student debt market. We’re well on our way to doing just that.”

More information for this round of financing can be found at http://www.Fundable.com/AchieveLending

 

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