Three recent Harvard grads have launched a new website, UniThrive.org, designed to connect needy Harvard students with "charitable" Harvard alums. Much like the direct-to-recipient mirco-lending site, Kiva.org (one of Unithrive's founders is actually the cousin of Kiva's president), the site allows alumni givers to browse profiles of current students asking for no-interest loans of up to $2,000. Although some students ask for funding for not-strictly-academic trips or projects, others are asking for help to cover financial aid gaps (the average debt for graduating students is about $8,000). As of today, the site is limited to Harvard students and alumni, but plans to expand to other schools in the fall. The site has potential--direct, personal lending is getting more and more popular (as evidenced by Kiva's success), and alumni ties at top-tier schools have always been strong--but may face growing pains because of its limited scope (alumni to students only) and students' potentially frivolous requests.
The last few years were tough on all of us, and we’ve all dealt with our own hardships differently. Now that most schools have returned to being in person full-time, some students might be struggling with transitioning away from the comforts of remote, virtual learning.
Student loan debt is a harsh reality for nearly 50 million college graduates in America. There was a time when a college degree all but promised a living wage and a middle-class lifestyle, but with the cost of education and cost of living constantly on the rise, it is becoming increasingly difficult for college graduates to achieve financial independence as they struggle to make regular student loan payments that essentially equate to a month’s rent in some cases.
Getting back into the swing of school life can be challenging after a long summer of beach days, pool days, late nights with friends, or even just your summer job. With summer coming to its inevitable end, we thought it would be the right time to share some tips on how to make your transition back to study mode as seamless as possible.