Why Micro-lenders Will Replace Sallie Mae
(Black Enterprise) — There seems to be a new trend taking root when it comes to college financing. Last week, I wrote about companies adopting a micro-loans model for student lending. Days later, micro-loan giant,Kiva, announced it was expanding its small business social lending to students seeking to get through school as well. Even though Kiva’s program is only for students abroad at the moment, this expansion demonstrates how college financing or student loan debt assistance is taking a social approach.
