Pillar: Offers Gifting Platform For Student Loan Payments
- Student loan personal finance platform Pillar has launched a gift initiative for the holidays called Boost
- Boost will allow for friends and family to gift payments to help someone paying off student loan debt
- The payments will be automatically applied toward a person’s balance
- Student loans are the second largest type of consumer debt in the country
- Then the average amount is $30,000, which takes about 15 to 20 years to pay off
- The promotion also will run from Dec. 17 through Jan. 6, and Pillar will even surprise some users with extra payments toward their student loans