Education Finance Matters

Big shout out to One Day One Job

7th July, 2009 - Posted by Alan - No Comments

How can we not give a shout out to One Day One Job after their great coverage of People Capital. You can see the full article in the link below but here is a very flattering snippet:

When People Capital’s idea catches on, it has the potential to completely change the lending industry—not just the student loan industry. We used to trust banks to make smart financial decisions, but those days are over. Now we can micro-manage our lending and borrowing through peer-to-peer lending. Borrowers can get lower rates based on information that goes beyond the traditional credit score, and lenders can make a profit while financing the educations of promising students. It’s hard to say whether people are ready for this kind of a business model yet, but if they are, People Capital is going to be growing at insane rate pretty soon (if they aren’t already).

Full article