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Oct 14, 2011

Web startup tackles student debt “crisis”

By Jon Cook

(Reuters) – Sue Khim was in her third year of medical school, $50,000 in debt and wondering if she would ever dig herself out.

Instead of simply making the minimum monthly payments on her student loans, Khim scoured the Web to find banks that offered better interest rates. The discrepancies shocked her, with rates varying from 11 percent to 6 percent.

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    • About Jon

      "Jon Cook is a new media veteran, having worked online since 1996. Jon has specialized in startups, having cut his teeth as an editor/reporter at Canoe.ca for 12 years; contributing to its growth as one of Canada's premier online news destinations. Before coming to Reuters Jon helped launch the GlobeandMail.com's small business section - The Business Incubator - producing stories, podcasts and video interviews that illustrated the intense challenges facing today's entrepreneurs. Jon is a hybrid journalist who has been regularly published online, as well as in newspapers across the country and has appeared on television, including the CBC. ..."
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