If you’re considering going to college you’re no doubt aware that the cost of getting a higher education continues to rise. Most people who attend college do so at their own expense. Sure, scholarship money is available, but it is limited and the competition is fierce. Student loans can also be hard to come by for some students. Several new companies have popped up, offering students alternatives to traditional private loans. One such company is GreenNote.
What Is GreenNote?
GreenNote is a higher education donor network. Their motto is "helping students harness the power of social networking to help pay for college." GreenNote does not lend money. It is more of a peer-to-peer lending system. The idea is not to borrow money from one person or company, but to accumulate a series of smaller loans that will help defray the costs of tuition and other fees. The loans come from family, friends, and others in the student's social network. Students can also use GreenNote’s online platform to connect with potential lenders, in whatever form that may take, and seek financial help for their college education.
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