A Simple Concept That Grew
Today, around 43 million Americans share over $1.5 trillion in student loan debt, and those that graduated in 2015 are the most indebted of all, carrying an average of over $35,000 per student. As if the numbers aren’t scary enough, students often carry loans from many different providers, which can make the repayment process highly confusing and difficult to navigate. As the first online resource to provide a single snapshot of all a student’s debt in one place, Student Loan Hero is on a mission to help students manage their loans with less hassle and more zen.
Expanding Features for Greater Value
Student Loan Hero began as a user-friendly dashboard that gave students an overview of their loans. But as the product’s popularity grew, the potential for even more impact became clear. The team envisioned a robust system that would simplify all aspects of student loan repayment, including analysis, facilitating payment reductions, creating custom repayment plans, and refinancing loans. They also sought to uplevel the design of their blog, which provides free, easy-to-understand financial education for students. That’s where we came in.
Effective Tools, Enormous Impact
First, we tackled the blog design makeover. This simple step lead to the largest growth spike in company history, increasing revenues by 25% within the first month. Next, we focused on the website’s core feature: the user dashboard. We designed and developed a robust suite of tools to help students understand, track and take action on their loans by creating personalized financial plans. Today, Student Loan Hero is leveraging these features to help over 60,000 borrowers manage and eliminate over $1 billion dollars in student loan debt. In the process, they’re providing an average of $14,000-$17,000 in savings for each user. And the best part? The service is completely free. We really can’t imagine a better investment than that.
Sign up for Student Loan Hero for free today!