Fintech startup Earnest has expanded their product offering to in school loan offerings; David Green, Chief Product Officer, Earnest tells American Banker, “The market is big, but it’s not as big as the student refinancing market. It’s challenging from a loan-size perspective because you’re looking at an average loan of $10,000 versus $70,000 when you refinance a post-graduation loan. You have to be very efficient with serving them and getting to those users.”; Earnest is looking to provide students with better interest rate offerings than government funded loans. Source.
