LendEDU Launches a Free Text-in Hotline to Help Students and Parents Navigate Financial Aid, Scholarships, and Student Loans. Simply text in your financial aid questions to the hotline at (302) 278-4037 and you will receive a detailed response from our team within 15 minutes.
MOUNTAIN VIEW, CALIFORNIA — APRIL 19, 2016
LendEDU launched a new tool to help students and families navigate financial aid, scholarships, and student loans. The tool, known as the LendEDU Financial Aid Hotline, is a free text-in service designed to quickly answer any question related to financial aid, scholarships, and student loans.
This new tool will be available to anyone starting today. Simply text in your financial aid questions to the hotline at (302) 278-4037 and you will receive a detailed response from our staff within 15 minutes. During non-business hours, you can receive a detailed response in under 24 hours. LendEDU Financial Aid Hotline will be supported in-house by the LendEDU team. At least one representative will be logged into the system at all times during business hours.
“April is the official National Financial Literacy Month. At LendEDU, we wanted to create a tool to help promote understanding and comprehension within the financial aid process,” said Nate Matherson, Co-Founder & Chief Executive Officer. “The rapidly rising costs of higher education has made financial literacy even more important for students and families. I will admit, financial aid isn’t the most exciting topic. We hope that our text-in hotline will make financial aid, scholarships, and student loans easier to digest for students and families.”
This new tool accentuates the firm’s commitment to help the more than 43 million Americans struggling with student loan debt. “If LendEDU can help students and families through the financial aid process, we can do our part in helping make a college education more affordable,” said Matherson.
Students and families can receive detailed responses within 15 minutes, Monday through Friday, from 9:00 AM – 5:00 PM Eastern Standard Time. During non-business hours, students and families can receive detailed responses within 24 hours. Standard text messaging rates will apply. The LendEDU Financial Aid Hotline is a free service paid for and managed by LendEDU. High schools and colleges are free to make the hotline available to students and families for no cost.
About LendEDU: Since 2014 LendEDU has delivered free financial aid resources to high school and college students. LendEDU is a marketplace for student loans and student loan refinancing. LendEDU helps graduates find the lowest student loan quotes with one application. The company is partnered with all of the leading student loan companies including SoFi, Citizens Bank, Sallie Mae, College Ave, Earnest, LendKey, Darien Rowayton Bank, and many others.
LendEDU was founded by Nate Matherson and Matt Lenhard in August of 2014. LendEDU is a graduate of Y Combinator’s W16 class and the Iowa Startup Accelerator.
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