Summer Announces $6M in New Funding to Accelerate Growth of its Student Debt and Education Assistance Offering
Retrieved on:
Wednesday, April 26, 2023
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View the full release here: https://www.businesswire.com/news/home/20230426005177/en/
Key Points:
- View the full release here: https://www.businesswire.com/news/home/20230426005177/en/
Summer's online solution is designed to help navigate and reduce student loans. - Student loan debt in the United States now stands at $1.75 trillion, according to the Federal Reserve, exceeding credit card and auto debt.
- In a recent survey , 91% of employees with student debt said they would save more money for retirement if their employer offered a student loan repayment program.
- Summer will use the new funding to expand the platform to help even more borrowers with a holistic approach to financial well-being.