I just talked with a startup company that is using crowd-funding by alumni to refinance student loans. As a business model do you think that this is a...
Bringing individuals together to voluntarily fund a project. Similar to KickStarter.
Fixing a problem via private investment rather than relying on the government to take someone else's money to try to accomplish the same goals.
Okay then I then I think it has potential if it offers competitive rates. But I'd want regulation. I don't trust the market not to cheat and fix prices generally. I'd still want the government involved with this as something in a portfolio of options
What's crowd funding?
If you're interested in the company their website is: www.sofi.com